Eurozone: CPI slipped to 0.9% on the month - BBH

Analysts at BBH note that the eurozone confirmed the preliminary January CPI, which fell 0.9% on the month.  

Key Quotes

“The y/y pace of 1.3% represents a decline from 1.4% in December and 1.5% in November.  The core rate was confirmed at 1.0% y/y after holding steady at 0.9% throughout Q4.  Next week, the preliminary February reading will be released.  The headline y/y rate appears poised to slip to 1.3%, while the core may be steady with risk on the upside.  Brent oil is off nearly 5% this month, and the euro is off about a cent so far this month.”