- Prior +2.0%
- HICP +2.4% vs +2.6% y/y expected
- Prior +2.4%
Slight delay in the release by the source. Headline annual inflation crept a little higher but less than estimated, as per the state readings earlier. That owes more to base effects, with monthly inflation seen down 0.2%. The EU-harmonised reading was the same as September though for the year-on-year estimate. I’ll update the details for the core reading in a bit as the Destatis website is facing technical issues at the moment.
This article was written by Justin Low at www.forexlive.com.
