Eurozone Preliminary Inflation softens to 10.0% YoY in November

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print.

The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and 5.0% recorded in October.

Monthly, the old continent’s HICP unexpectedly dropped 0.1% in November vs. 1.5% expectations and 1.5% previous. The core HICP stood at 0% this month against the 0.6% expected and 0.6% seen in October.

The shared currency is unfazed by the mixed Eurozone inflation data, as EUR/USD preserves intraday gains near 1.0370. The spot is adding 0.36% so far.