- Consumer Price Index falls 0.4% in December.
- Core inflation registers an increase of 0.6%.
- The euro remains among the weakest on Wednesday.
The final reading showed that the Consumer’s price index fell 0.4% in December, and that the annual rate stood at 9.2%, matching the preliminary reading and confirming the lowest since October. The core index advanced 0.6% and the annual rate was 5.2%.
The data from inflation December did not show a significant revision with the preliminary figures. The conclusion therefore is that headline inflation continues to fall, but core inflation remains, which represents a challenge.
The euro It is among the weakest currencies on Wednesday and continues to be affected by speculation that the European Central Bank may slow the pace of interest rate hikes after the February meeting. This would be due to signs of lower inflation and fears regarding the economic outlook.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
