- Prior +5.9%
- HICP +6.2% vs +6.7% y/y expected
- Prior +6.6%
That is quite the miss on estimates as monthly inflation is seen ticking lower by 0.5% in September (first time in 12 months), leading to a drop in annual inflation figures as noted above as well. After the worrying spike in Germany as seen yesterday, this will at least provide a little bit of comfort that things aren't getting too out of hand (more so than they already are) for the ECB.