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- Euro area annual HICP rises to 10.6% (final) in October vs. 10.7% expected
Euro area annual HICP rises to 10.6% (final) in October vs. 10.7% expected
- Annual HICP in the Euro area climbed to 10.6% in October.
- EURUSD continues to trade in negative territory below 1.0400.
Annual inflation in the Euro area, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 10.6% (final) in October from 9.9% in September. This reading came in slightly below the flash estimate and the market expectation of 10.7%.
The Core HICP, which excludes volatile food, energy, alcohol and tobacco prices, stood at 5% on a yearly basis in October, matching the initial estimate.
Market reaction
These figures don't seem to be having a noticeable impact on the Euro's (EUR) performance against its major rivals. As of writing, EURUSD was down 0.27% on the day at 1.0365.
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