Eurozone flash HICP rises faster by 3.8% YoY in September, beats 3.6% estimates
Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for September arrives at 3.8% Year-on-Year (YoY), higher than 3.6% estimates and August’s final reading reading of 3.2%. On a monthly basis, inflationary pressures grew at a faster pace of 0.6% against the prior release of 0.4%.
The core HICP – which excludes volatile components like food, energy, alcohol, and tobacco – rises by 2.5% YoY, as expected, faster than the previous reading of 2.4%. Month-on-month core HICP grew steadily by 0.2%.
Market reaction
No significant movement is seen in the Euro (EUR) after the Eurozone HICP data release. As of writing, EUR/USD is up 0.1% to near 1.1250.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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