August 2015 Eurozone HICP final 0.1% vs 0.2% exp y/y

The final reading of Eurozone inflation for August 2015

• Flash 0.2%. July 0.2%
• 0.0% v s0.0% exp. Prior -0.6%
• Core 0.9% vs 1.0% exp y/y. Flash 1.0%. July 1.0%
• Q2 labour costs 1.6% vs 2.2% prior y/y. Revised to 1.9%
• Q2 wages 1.9% vs 2.2% prior. Revised to 2.0%

Softer revisions give the euro an additional kick lower to 1.1236 from 1.1255

The ECB may have spent their time priming us for lower inflation but the market will still react to the actual numbers. QE talk has increased from them too and the market might well start to get back to it's bearish trend

Eurozone core inflation