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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.
MNI Eurozone Inflation Preview – October 2023
MNI Eurozone Inflation Preview – October 2023
EXECUTIVE SUMMARY
Headline To Drop Sharply, With Core Progress In Question
The October round of flash Eurozone inflation data (Oct 30-31) is set to show a continued deceleration in both headline and core price pressures on an annual basis.
- Headline HICP is seen decelerating sharply to 3.1% from 4.3% in September. If confirmed, headline inflation will be at its lowest since August 2021 and below a third of its 10.7% peak.
- HICP is due to decelerate sharply Y/Y in 3 of the 4 largest Eurozone countries, with the exception of Spain.
- As usual, more attention will be paid to the underlying metrics, starting with the core figure which is set to fall sharply to 4.2% from 4.5% in September. That would mark the lowest reading since July 2022 (and vs 5.7% peak).
- In the months ahead, core goods prices are expected to pull back much more sharply than the relatively sticky services categories.
- Our preview includes analysis of price categories to watch, assessments of underlying inflation trends, outlooks for the French, German, Italian, and Spanish national inflation prints, and sell-side analyst previews.
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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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