Italy November preliminary CPI +1.2% vs +1.3% y/y expected

• Prior +1.2%
• HICP +1.1% vs +1.3% y/y expected
• Prior +1.3%

Slight delay in the release by the source. Core annual inflation is down from 1.9% in October to 1.8% in November. So, that's the key metric to be mindful of. So, the main issue for the ECB is still that of Germany mostly (and Spain to some extent).