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EZ Flash Inflation -0.3% Y/Y

EUROZONE DATA
MNI (London)

EZ SEP FLASH HICP +0.1% M/M; -0.3% Y/Y; AUG -0.2% Y/Y

EZ SEP FLASH CORE HICP +0.2% M/M; +0.2% Y/Y; AUG +0.4% Y/Y

  • The headline EZ HICP remained in negative territory, falling 0.3%, coming in slightly weaker than markets expected.
  • Core inflation eased to 0.2% in Sep, in contrast to markets looking for a small uptick to 0.5%.
  • Food prices accelerated to 1.8% in Sep following Aug's downtick to 1.7%.
  • Service inflation slowed to 0.5%, while non-energy industrial goods prices declined by 0.3%
  • Energy prices showed the largest annual decrease, plunging by 8.2%.
  • Among the member states for which data is available, Greece (-2.3%), Cyprus (-1.9%) and Estonia (-1.3%) recorded the largest declines, while Slovakia (1.5%), the Netherlands (1.0%) and Lithuania (0.6%) posted the highest rates.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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