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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
EZ Final HICP confirms flash; October disinflation broad-based Eurozone final HICP inflation for October confirms flash estimates at +2.9% Y/Y (vs +4.3% Y/Y prior) and +0.1% M/M (vs +0.3% prior).
- Core inflation printed in line with the flash at +4.2% Y/Y (vs +4.5% Y/Y prior).
- All major components contributed less to the headline inflation rate than in September, indicating October’s disinflation like in September was broad-based – although around two thirds the Y/Y change from September was driven by a larger negative contribution from energy base effects.
- The largest contributor to the headline rate was once again services (adding +1.97ppt), although this is the lowest Y/Y increase in services inflation since October 2022 and -0.08ppt lower contribution than in September (+2.05ppt).
- Energy’s contribution weighed -1.45ppt – accounting for around 0.90ppt of the headline HICP Y/Y disinflation versus September, and the sixth consecutive negative contribution.
- At a country level, Greece, Italy, Latvia, Malta, Portugal saw flash estimates revised down by -0.1ppt, while Lithuania's flash estimate was revised up by +0.1ppt and Cyprus up by 0.3ppt and remaining countries printed as expected.
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.
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