Eurozone Preliminary CPI jumps 3.4% YoY in September, beats estimates
|The annualized Eurozone Consumer Price Index (CPI) rose by 3.4% in September, beating expectations of 3.3% while up from August’s reading of 3.0%, the latest data published by Eurostat showed on Friday.
The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.
Key details (via Eurostat)
“Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (17.4%, compared with 15.4% in August), followed by non-energy industrial goods (2.1%, compared with 2.6% in August), food, alcohol & tobacco (2.1%, compared with 2.0% in August) and services (1.7%, compared with 1.1% in August).”
EUR/USD reaction
EUR/USD is little changed on the Eurozone inflation numbers. The spot is currently trading flat on the day, at 1.1580.
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