BREAKING : Eurozone CPI clearly below expectations. EURUSD loses 0.4%.📉

11:01 AM 30 November 2023

Flash CPI inflation readings (for November 2023) from Eurozone came in 2,4% vs 2,7% exp. and 2,9% previously (-0,5% MoM vs exp. -0,2% and 0,1% previously)

Eurozone Core CPI: 3,6% vs 3,9% exp. and 4,2% previously
Unemployment rate: 6,5% vs 6,5% exp. and 6,5% previously

Weaker inflation reading suggests that Eurozone economy may be in contraction as inflation pressure weakens.

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Source: xStation 5

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