Wednesday , 6 November 2024
Home Forex Eurozone October preliminary CPI +2.0% vs +1.9% y/y expected
Forex

Eurozone October preliminary CPI +2.0% vs +1.9% y/y expected

  • Prior +1.7%
  • Core CPI +2.7% vs +2.6% y/y expected
  • Prior +2.7%

Headline annual inflation ticked higher as predicated by the individual country readings we got in the last two days. However, core annual inflation remained unchanged as it was in September, seen at 2.7%. That will give the ECB some confidence despite the higher headline numbers for the month. But again, this is just one month’s worth of numbers so let’s see how things shape up in November and December next.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior

Prior -0.1%Market index 191.4 vs 214.5 priorPurchase index 130.8 vs 137.8 priorRefinance...

Treasury yields nudge towards the highs for the day as Trump confirmed as election winner

That is the highest level in four months and carries on from...

Mexican Peso plunges as Trump elected president

The Mexican Peso (MXN) plummets in its most-heavily traded pairs on Wednesday,...

USD/CHF Price Forecast: Strives to extend rally above 200-day EMA

The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session.