BREAKING: Eurozone inflation accelerates to 10%!

Flash data on CPI inflation in the eurozone showed an acceleration from 9.1% from 10.0% YoY. Market expected an acceleration to 9.7% YoY. Guessing the reading based on data from member countries was quite hard given lack of clear direction in those:

Spain and France saw deceleration in price growth in September
Germany and Netherlands saw significant acceleration

Scale of acceleration in Germany and Netherlands outweigh deceleration in France and Spain, leading to a significant pick-up in inflation rate for the whole EMU. However, EUR was rather unmoved by the release with lack of any major move on the market. EURUSD continues to trade above 0.9800.

Source: xStation5

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BREAKING: Eurozone inflation accelerates to 10%!

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