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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.
EUROZONE DATA
MNI (London)
EUROZONE SEP FINAL CPI +1.2% M/M (= FLSH); AUG +0.6% M/M
EUROZONE SEP FINAL CPI +9.9% Y/Y (FLSH +10.0%); AUG +9.1% Y/Y
- A small 0.1pp downwards revision was made on euro area annualised September CPI, down by 0.1pp to +9.9% y/y largely on the back of revised prints for both Spain and Italy.
- This confirms the fifth consecutive month of rising headline inflation for the bloc, surging 0.8pp on August and remaining a eurozone record.
- Energy again accounted for the bulk of the headline figure (+4.19pp) followed by food (+2.47pp). Services (+1.8pp) and non-energy industrial goods (+1.47pp) also generated considerate upwards pressure, confirming that inflationary pressures remain broad-based.
- Core inflation was unadjusted at the flash level of +4.8% y/y and the pressure is on for the ECB to hike 75bp on Oct 27 (markets currently pricing 73bp).
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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