Research Team at Societe Generale, suggests that the final release of January euro area HICP should confirm inflation at 0.4% yoy. Key Quotes “Moving to February flash estimates, we expect HICP inflation to soften to 0.1% yoy. Unlike January, where the positive base effect from the energy component pushed the headline reading higher, February inflation is likely to soften on declines in energy prices and the absence of base effects. Furthermore, food prices are expected to soften a bit in February. Further, we anticipate a slightly softer core reading at 0.9% yoy in February.” For more information, read our latest forex news.