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Eurozone final inflation arrives at 1.2% MoM in September

Eurozone’s Inflation surged 9.9% in September, on an annualized basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month.

The reading missed expectations of 10.0% while against the 10.0% previous. Core figures rose by 4.8% YoY, meeting the 4.8% market estimates and 4.8% last.

The bloc’s HICP rose by 1.2% MoM versus 1.2% expected and 1.2% first estimate.

The core HICP numbers came in at 1.0% MoM versus 1.0% expected and 1.0% previous.

When writing, EUR/USD is trading at 0.9815, down 0.38% on the day. The inflation data weighed slightly on the shared currency, as the downward revision to the annualized inflation could temper super-sized ECB rate hike expectations.

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