European Economics Preview: UK Inflation Data Due

preview oct26 19jan22 lt

Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for December. Consumer price inflation is forecast to rise to 5.2 percent in December from 5.1 percent in November. Economists expect factory gate prices to climb 9.4 percent annually after rising 9.1 percent in the previous month.

In the meantime, final consumer price figures are due from Germany. According to flash estimate, consumer price inflation rose to 5.3 percent in December from 5.2 percent in November.

At 4.00 am ET, the European Central Bank is slated to issue euro area current account figures for November. The current account surplus totaled EUR 18.1 billion in October.

At 5.00 am ET, Greece unemployment data is due for November.

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