The national reading is out now after the earlier regional numbers

  • Prior y/y +1.7%
  • August preliminary CPI m/m +0.1% vs +0.1% expected
  • Prior m/m +0.4%

Overall it's a solid number which will certainly give the ECB one less cause of concern. While the rest of the Eurozone put together may still be a bit lagging, improving inflation in one of its core members certainly does more good than it will do harm.

EURUSD not affected by the optimism of the data, hitting session lows of 1.1927.