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.
Euro area headline inflation tumbled in October, falling more than expected by analysts to within a percentage point of the European Central Bank's price target, according to Eurostat.
Headline inflation was 0.1% month on month and the annual rate fell to 2.9% from the previous 4.3%, the lowest since July 2021. Core inflation also fell, albeit at a more modest pace, coming in at 4.2%, down from 4.5% in September.
On a country-specific level, both Belgium and the Netherlands recorded negative headline numbers, while the highest annual rate in the EZ 20 was in Slovakia at 7.8%.
The data will be welcomed by doves on the ECB, although they will continue to eye the stickier core data.
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.