Latest data released by Istat - 16 March 2018
- CPI y/y +0.5% vs +0.6% prelim
- HICP m/m -0.5% vs -0.3% prelim
- HICP y/y +0.5% vs +0.7% prelim
Slight delay in the release by the source.
A slight miss compared to preliminary estimates, not all too encouraging for Europe's third largest economy as a downtrend from early last year is still persisting.
We're not done just yet though, Eurozone final inflation figures for February are due at the top of the hour. We could see some reaction in the euro in the event of a miss there.
EUR/USD now trading near highs for the day at 1.2323, EUR/GBP near the lows at 0.8818, and EUR/JPY at 130.34.
