Technical Analysis

Italy February preliminary CPI +0.2% vs +0.2% m/m expected

Latest data released by Istat – 28 February 2019

  • Prior +0.1%
  • CPI +1.1% vs +1.1% y/y expected
  • Prior +0.9%
  • HICP -0.2% vs -0.2% m/m expected
  • Prior -1.7%
  • HICP +1.2% vs +1.2% y/y expected
  • Prior +0.9%

ForexLive

All estimates are in-line with expectations. Much like the other readings from the region today, February is showing a slight uptick in inflationary pressures so that will at least provide the ECB with some comfort and give more reason not to change its rate guidance next week.

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