Search ForexCrunch

Prices in the  euro-zone dropped 0.1% y/y in September – outright deflation. The unemployment rate also disappointed with a rise up to 11%. Core inflation met expectations with 0.9%, unchanged from the previous month.

EUR/USD is  holding its ground so far, as this was mostly priced in due to the preliminary release.

The euro-zone was officially expected to report a headline inflation rate of 0% y/y in September after +0.1% in August. However, weaker data from Germany and Spain implied a negative  figure. Core CPI was expected to remain  unchanged at +0.9% y/y.

EUR/USD traded around 1.1220 towards the publication.

This release feeds into the ECB decision in mid October.

More: