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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
The ECB's underlying inflation metrics have been updated for the final Eurozone October HICP readings, and show further signs of disinflation.
- The overall PCCI (Persistent and Common Component of Inflation) index was 2.46% Y/Y, ending 3 months of stickiness at the 2.65% level.
- PCCI ex-energy and food ticked down 0.1pp from September to the lowest since November 2021, printing at 2.01% Y/Y.
- The other underlying measures calculated by the ECB (Supercore, Weighted Median and 10/30% trimmed mean) also fell vs September.
- The 10% trimmed mean fell most markedly to 4.1% Y/Y (vs 4.9% prior).
- Given that the 30% trimmed mean fell more moderately to 4.5% (vs 4.9% prior), it indicates that the skew of outlying observations are much more favourable to the downside vs the upside (though this is most likely due to the effect of volatile energy components bunching together at low/negative levels).
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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