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EUROPEAN INFLATION: German IFO Consumer Price Expectations Rise in October

EUROPEAN INFLATION
CEEMEABulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Consumer-related IFO price expectations for Germany rose overall in October, coming in at 20.0, up from 18.3 in September. This comes on the back of a higher balance in the retail sector (21.4 vs 19.1 Sep), whereas they fell for consumer-related service providers (18.5 vs 22.0).

  • The data would be consistent with the narrative of service inflation slowly tapering off, and disinflation in the goods category largely having passed.
  • German October national-level inflation is scheduled to be released tomorrow 1300 GMT following state-level data in the morning; consensus stands at 2.1% Y/Y for headline HICP (vs 1.8% September).
  • We will publish our preview for the overall Eurozone release soon.
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Consumer-related IFO price expectations for Germany rose overall in October, coming in at 20.0, up from 18.3 in September. This comes on the back of a higher balance in the retail sector (21.4 vs 19.1 Sep), whereas they fell for consumer-related service providers (18.5 vs 22.0).

  • The data would be consistent with the narrative of service inflation slowly tapering off, and disinflation in the goods category largely having passed.
  • German October national-level inflation is scheduled to be released tomorrow 1300 GMT following state-level data in the morning; consensus stands at 2.1% Y/Y for headline HICP (vs 1.8% September).
  • We will publish our preview for the overall Eurozone release soon.