• Eurozone inflation arrives at 5.0% YoY in December.
• Monthly CPI in the bloc rises to 0.4% in December.
• EUR/USD remains unfazed around 1.1350 on the EZ data.

According to Eurostat’s final reading of the Eurozone CPI report for December, the consumer prices came in at 5.0% on a yearly basis, in line with the flash estimate of 5.0% and 5.0% expectations. While the core figures rose by 2.6%, matching the 2.6% consensus forecasts.       

On a monthly basis, the bloc’s CPI figure for December arrived at 0.4% versus 0.4% expectations and 0.4% previous while the core CPI numbers also came in at 0.4% versus 0.4% expected and 0.4% last.

Key details (via Eurostat):

“The lowest annual rates were registered in Malta (2.6%), Portugal (2.8%) and Finland (3.2%). The highest annual rates were recorded in Estonia (12.0%), Lithuania (10.7%) and Poland (8.0%). Compared with November, annual inflation fell in seven Member States, remained stable in two and rose in eighteen.”

“In December, the highest contribution to the annual euro area inflation rate came from energy (+2.46 percentage points, pp), followed by services (+1.02 pp), non-energy industrial goods (+0.78 pp) and food, alcohol & tobacco (+0.71 pp).”

FX implications:

EUR/USD is little changed on the data release, currently trading at 1.1349, up 0.07% so far.