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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.
GERMAN DATA
The Bundesbank's estimate of seasonally-adjusted CPI released this afternoon shows some pretty solid sequential progress on core metrics:
- 0.177% M/M CPI ex-energy/food (2.2% annualised), one of the lowest readings of the past 2 years and vs 0.36% in Aug, with manufactured goods ex-energy/food at -0.17% M/M, the first drop since March 2021 and vs +0.61% in Aug.
- Services were actually a little stronger at 0.36% M/M vs 0.27% in Aug but below the 0.42% average the 12 months prior that.
- It's CPI and not HICP and it's still early days but in general there is evident progress in the core metrics that should feed into the Eurozone wide metrics.
Source: Bundesbank, MNI
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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