Eurozone October preliminary CPI +0.7% vs +0.7% y/y expected

Latest data released by Eurostat – 31 October 2019
– +0.9%
– Prior +1.0%
Despite the annual headline reading slipping to its weakest level since November 2016, core inflation actually improved and that will give some added comfort to the ECB that price pressures aren’t falling off entirely just yet.