Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
EUROZONE SEP FLASH CPI +1.2% M/M (FCST +0.9%); AUG +0.6% M/M
EUROZONE SEP FLASH CPI +10.0% Y/Y (FCST +9.7%); AUG +9.1% Y/Y
EUROZONE SEP FLASH CORE CPI +1.0% M/M, +4.8% Y/Y (FCST +4.7%); AUG +4.3% Y/Y
- An sharp 0.9pp surge in headline inflation brought euro area inflation to a fresh record high of +10.0% y/y in the September flash, outpacing forecasts by 0.3pp.
- Of particular concern to the ECB will be the core print, which accelerated by half a point to +4.8% y/y, jumping +1.0% m/m alone. Almost all sub-indexes saw prices surge, energy was up 3.0% m/m, industrial goods up 2.8% m/m and food up 1.0% m/m.
- This data provides strong evidence of accelerating broad-based price pressures, supporting a larger 75bp hike for the October meeting (prior to this data markets were pricing 69bp). Despite downside surprises in French and Spanish CPI yesterday, this failed to outweigh the hot German beat.
- Eurozone August unemployment data was also released, confirming the second consecutive month at a record low of 6.6%. The continued robustness of the labour market will provide confidence to the ECB as they continue to tighten.
Source: MNI / Bloomberg / EUROSTAT
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok