The ECB won't be happy with such numbers

Inflation Remains Negative in Europe

Posted Friday, October 30, 2020 by
Skerdian Meta • 1 min read

The situation has been worsening in Europe already  so far in autumn and it is expected to get worse as lock-downs and covid restrictions are increasing. Services have fallen in contraction again, as the last two monthly reports have shown, while inflation turned negative in September, declining by 0.2% and remained there. Core CPI also remained unchanged at +0.2%.

  • October preliminary CPI YoY -0.3% vs -0.3% expected
  • September CPI YoY -0.3%
  • Core CPI YoY +0.2% vs +0.2% expected
  • September core CPI +0.2%

No change in euro area inflation data compared to September, but this just reaffirms the more subdued price pressures in the region towards the year-end. Core inflation is still seen holding at a record low and that won’t please ECB policymakers surely. This is building up for the Euro to turn really bearish as soon as the US election hype is over, adding the increasing restrictions which will plunge the economy again.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments