Latest data released by INSEE - 31 October 2019
- Prior -0.3%
- CPI +0.7% vs +0.9% y/y expected
- Prior +0.9%
- HICP -0.1% vs +0.1% m/m expected
- Prior -0.4%
- HICP +0.9% vs +1.1% y/y expected
- Prior +1.1%
Oof, misses across the board there and that does not paint a pretty picture of the euro area inflation outlook. Mind you, the annual headline reading is the weakest since July 2017.
This should feed into a weaker headline reading in the Eurozone reading later but let's see how the core reading fares before delivering the final verdict.
