Italy November preliminary CPI +1.2% vs +1.3% y/y expected
Prior +1.2% HICP +1.1% vs +1.3% y/y expected Prior +1.3% Slight delay in the release by the source. Core annual inflation is down from 1.9% in October to 1.8% in November. So, that’s the key metric to be mindful of. So, the main issue for the ECB is still that of Germany mostly (and Spain to some extent). This…











