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At the euro area level, analysts at Nomura are forecasting that the first estimate of Eurozone’s HICP inflation will rise to 2.2% y-o-y in October, compared with 2.1% in September.

Key Quotes

“We expect core HICP inflation to climb to 1.1% y-o-y in October from 0.9% in September thanks to base effects related to falling education costs in Italy a year ago.”