The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumped by 10.7% in October vs. September\u2019s 9.9%, the latest data published by Eurostat showed on Monday. The market forecast was for a 9.8% print.<\/p>\n\n\n\n
The core figures climbed to 5.0% YoY in October when compared to 4.9% expectations and 4.8% recorded in September.<\/p>\n\n\n\n
On a monthly basis, the old continent\u2019s HICP accelerated to 1.5% in October vs. 0.6% expectations and 1.2% previous. The core HICP rose 0.6% this month against 1.2% expected and 1.0% seen in July.<\/p>\n\n\n\n
The Euro area figures are reported a trading day after Germany\u2019s annual inflation for October, which surged 11.6% and beat estimates following a 10.9% growth reported in September.<\/p>\n\n\n\n
The bloc\u2019s HICP figures hold significance as it helps investors assess the European Central Bank\u2019s (ECB) monetary policy normalization course. The ECB inflation target is 2%.<\/p>\n\n\n\n
<\/p>\n\n\n\n
The shared currency is unfazed by the mixed Eurozone inflation data, as EUR\/USD is keeping the red near 0.9940, down 0.25% on the day.<\/p>\n","protected":false},"excerpt":{"rendered":"
The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumped by 10.7% in October vs. September\u2019s 9.9%, the latest data published by Eurostat showed on Monday. The market forecast was for a 9.8% print. The core figures climbed to 5.0% YoY in October when compared to 4.9% expectations and 4.8% recorded in September. On a …<\/p>\n","protected":false},"author":9,"featured_media":31526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8693,6923,7666,8806,6928,6837,9687,9530,6858],"class_list":["post-74827","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cost-of-living","tag-ecb","tag-energy-prices","tag-eu-economy","tag-euro","tag-eurozone","tag-german-e","tag-oil-embargo","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74827"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74827\/revisions"}],"predecessor-version":[{"id":74828,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74827\/revisions\/74828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31526"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}