Eurozone November final CPI +2.2% vs +2.3% y/y prelim

• Prior +2.0%
• Core CPI +2.7% vs +2.7% y/y prelim
• Prior +2.7%

No changes to the core estimate with services inflation also remaining sticky at 3.9%. The latter hasn’t really moved much in the last six months, continuing to hold closer to 4% still – as it was back in July. That shows that while the disinflation process is on track, there is still more progress needed going into next year.

This article was written by Justin Low at www.forexlive.com.