Overview

• Italy’s preliminary CPI rose 1.6% year over year in September, unchanged from August, according to Istat.
• On a monthly basis, Italian consumer prices fell 0.2% in September, missing the 1.7% annual consensus reported by FactSet.
• Germany’s preliminary CPI accelerated to 2.4% year over year in September from 2.2% in August, Destatis reported.
• German CPI increased 0.2% month over month, matching the FactSet consensus, while the 2.4% annual rate topped the 2.3% forecast.
• Destatis said services inflation ran at 3.4% year over year, energy prices fell 0.7%, and the preliminary core CPI was 2.8%.