| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | Halifax house price index | December | 1.2% | 0.8% | -0.2% |
| 07:00 | United Kingdom | Halifax house price index Y/Y | December | 4.7% | 4.6% | 3.3% |
| 07:30 | Switzerland | Consumer Price Index (MoM) | December | -0.1% | -0.1% | -0.1% |
| 07:30 | Switzerland | Consumer Price Index (YoY) | December | 0.7% | 0.6% | 0.6% |
| 07:45 | France | CPI, m/m | December | -0.1% | 0.3% | 0.2% |
| 07:45 | France | CPI, y/y | December | 1.3% | 1.5% | 1.3% |
| 09:30 | United Kingdom | PMI Construction | December | 55.2 | 54.4 | 53.3 |
| 10:00 | Eurozone | Unemployment Rate | November | 6.3% | 6.3% | 6.3% |
| 10:00 | Eurozone | Harmonized CPI, Y/Y | December | 2.2% | 2.4% | 2.4% |
| 10:00 | Eurozone | Harmonized CPI ex EFAT, Y/Y | December | 2.7% | 2.7% | 2.7% |
| 10:00 | Eurozone | Harmonized CPI | December | -0.3% | 0.2% | 0.4% |
EUR strengthened against the other major currencies in the European session on Tuesday as investors responded to the euro area’s preliminary consumer price index (CPI) figures for December, which indicated a further acceleration in price growth, supporting the case for a gradual interest-rate cutting by the European Central Bank in 2025.
Eurostat reported that its flash estimates revealed that the Eurozone’s CPI increased 2.4% YoY in the final month of 2024, up from 2.2% YoY in November. The reading matched economists’ forecasts and represented the highest annual inflation rate since July (2.6% YoY). Overall, the region’s headline inflation accelerated for the third straight month in December, primarily driven by energy costs.
The core CPI, excluding volatile prices of food and energy, came in at 2.7% YoY, remaining unchanged for the fourth consecutive month.
Meanwhile, the ECB’s survey showed that the consumer inflation outlook in the euro area increased in November, with the gauge of one-year inflation expectations rising to 2.6% from 2.5% in October.