EU CPI Blows Away Estimates. Will it Affect ECB Decision?

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EU CPI Blows Away Estimates. Will it Affect ECB Decision?

The January flash reading of the Eurozone CPI was much higher than anticipated.  The headline print was 5.1% YoY vs 4.4% YoY expected, and 5% YoY last.  The main culprit for the higher than expected reading was energy costs, which soared 28.6%!  The headline inflation rate remains well above the ECB's target of 2%.  Core […]

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