Flash HICP (Oct 2019) ................>

EUROZONE DATA: Flash HICP (Oct 2019) 

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--EZ flash HICP eased by 0.1pp to 0.7% in Oct, the lowest since Nov 2016,

although in line with markets expectation. 

--Y/Y HICP is slowing for a fourth consecutive month 

--Core infl (HICP ex. energy, food, alcohol & tobacco) picked up by 0.1pp to

1.1%, its third successive increase to the highest level since June. 

--Oct's downtick was mainly driven by a sharp drop in energy inflation, falling

to -3.2% after -1.8% in Sep 

--Prices for food, alcohol & tobacco (1.6%) remained at Sep's level in Oct 

--Meanwhile, both non-energy industrial goods prices and service prices edged up

by 0.1pp to 0.3% and 1.6%, respectively. 

--As global demand remains subdued, firms are finding it difficult to pass on

their higher wages costs to consumers.