Italy September preliminary CPI +0.7% vs +0.8% y/y expected

• Prior +1.1%
• HICP +0.8% vs +1.0% y/y expected
• Prior +1.2%

Slight delay in the release by the source. This matches up with the softer headline figures from France and Spain last week. Then again, Italian headline inflation has been on the lower side for a while now. Nonetheless, it still reaffirms the latest calls for the ECB to cut rates in October.

This article was written by Justin Low at www.forexlive.com.