The annual Harmonized Index of Consumer Prices (HICP), the European Central Bank’s preferred gauge of inflation, rose to 6.0% from 4.6% in October, compared to analysts’ estimate of 5.4%. MoM, the HICP was up 0.3%, above consensus expectations for a 0.5% drop.
Check Also
Oil Markets Eying Weekly Gains Following PMI Data
Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …