10:00 AM BST, Euro Zone - Inflation Data for September:
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CPI: actual 2.2% YoY; Bloomberg consensus 2.2% YoY; previous 2.0% YoY;
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Core CPI: actual 2.3% YoY; Bloomberg consensus 2.3% YoY; previous 2.3% YoY;
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HICP ex Energy & Food: actual 2.4% YoY; previous 2.3% YoY;
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HICP ex Energy and Food: actual 0.1% MoM; previous 0.3% MoM;
Eurozone inflation rose to 2.2% in September, matching expectations. The main driver was services inflation, accelerating to 3.2% YoY from 3.1% in August. Unprocessed food remained the most volatile component, up 4.7% YoY. Meanwhile, energy prices stayed in negative territory at -0.4% YoY, though the deflationary impact has eased from -2% in August.
The mild rise of inflation dynamics justifies the end of the ECB easing cycle, with EURUSD currently consolidation between EMA10 and EMA30 on M30 interval (around 1.175).
Source: xStation5
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