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In view of analysts at TD Securities,  Eurozone’s inflation was a touch below consensus of 1.0% y/y, but in line with their forecast of 0.9% y/y for September, while core CPI was in line with markets at 1.0% y/y.

Key Quotes

“Eurozone HICP is tracking about 0.2ppts below the ECB’s staff forecasts from September, and the headline figure was actually 0.852% y/y in Sept, so only barely rounding up to 0.9%, and our early forecast points to a dip down to 0.7% y/y in Oct. This leaves inflation moving further away from the “robust convergence” that the ECB wants to see before turning off the taps on QE-infinity.”