Euro area HICP inflation declines sharply to 4.3% in September vs. 4.5% expected
- HICP inflation in the Eurozone fell at a stronger pace than expected in September.
- EUR/USD clings to daily gains at around 1.0600.
Inflation in the Eurozone, as measured by the change in the Harmonzied Index of Consumer Prices, declined to 4.3% on a yearly basis in September from 5.2% in August. This reading came in below the market expectation of 4.5%. On a monthly basis, the HICP rose 0.3%, compared to the 0.5% increase recorded in August.
The annual Core HICP inflation, which excludes the prices of volatile items such as food and energy, fell to 4.5% from 5.3% in the same period.
Market reaction
The Euro preserves its strength despite soft inflation data from the Euro area. As of writing, EUR/USD was up 0.45% on the day at 1.0605.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.43% | -0.25% | -0.32% | -0.88% | -0.21% | -1.08% | -0.58% | |
| EUR | 0.43% | 0.18% | 0.12% | -0.48% | 0.21% | -0.65% | -0.15% | |
| GBP | 0.25% | -0.18% | -0.08% | -0.62% | 0.04% | -0.83% | -0.33% | |
| CAD | 0.33% | -0.13% | 0.08% | -0.58% | 0.12% | -0.75% | -0.25% | |
| AUD | 0.87% | 0.44% | 0.58% | 0.57% | 0.68% | -0.21% | 0.29% | |
| JPY | 0.21% | -0.20% | -0.02% | -0.10% | -0.63% | -0.87% | -0.36% | |
| NZD | 1.05% | 0.64% | 0.84% | 0.74% | 0.21% | 0.83% | 0.50% | |
| CHF | 0.57% | 0.15% | 0.33% | 0.27% | -0.29% | 0.36% | -0.50% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
