Italy October preliminary CPI 0.0% vs +0.2% m/m expected

Latest data released by Istat - 31 October 2018

• Prior -0.4%; revised to -0.5%
• CPI +1.6% vs +1.7% y/y expected
• Prior +1.5%; revise to +1.4%

• HICP +0.2% vs +0.4% m/m expected
• Prior +1.8%; revised to +1.7%
• HICP +1.7% vs +1.8% y/y expected
• Prior +1.5%

A tad softer relative to expectations but as the Eurozone readings were in-line with what the market was expecting, the misses here are very much passable. Not a release that does much for the euro on the day as focus is on the bloc's figures.