- Analytics
- News and Tools
- Market News
- Breaking: Eurozone Preliminary CPI rises by 5.0% YoY in December, a positive surprise
Breaking: Eurozone Preliminary CPI rises by 5.0% YoY in December, a positive surprise
The annualized Eurozone Consumer Price Index (CPI) rises by 5.0% in December, surprising markets to the upside while a tad higher from the previous jump of 4.9%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a drop to 4.7%.
The core figures arrived at 2.6% YoY in December when compared to 2.5% expectations and 2.6% registered in November.
Earlier this week, Reuters reported that long-term Eurozone inflation expectations rose above 2.0% for the first time since late October 2021.
The Euro area figures come a day after Germany’s annual inflation eased for the first time in six months, arriving at 5.7% following a record increase of 6.0% in November.
Key details (via Eurostat)
“Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in December (26.0%, compared with 27.5% in November), followed by food, alcohol & tobacco (3.2%, compared with 2.2% in November), non-energy industrial goods (2.9%, compared with 2.4% in November) and services (2.4%, compared with 2.7% in November).”
EUR/USD reaction
EUR/USD is testing highs on unexpectedly hotter Eurozone inflation. The spot is currently adding 0.24% on the day, trading at daily highs near 1.1320.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
