Eurozone CPI slowed to 1.6%, below expectation of 1.8%

Eurozone CPI slowed to 1.6% yoy in December, down from 2.0% yoy and missed expectation of 1.8% yoy. Core CPI was unchanged at 1.0% yoy.

PPI dropped -0.3% mom rose 4.0% yoy, versus expectation of 0.2% mom, 4.1% yoy.