Eurozone CPI rose to 2.1% but core slowed to 0.9%

Eurozone headline CPI rose to 2.1% yoy in September, up from 2.0% yoy and matched expectation. However, Core CPI slowed to 0.9% yoy, down from 1.0% yoy and missed expectation of 1.1% yoy. Energy inflation remained strong, at 9.5% yoy, followed by food, alcohol & tobacco at 2.7%. The reading is likely unwelcome by ECB.

Full release here.

Also released, Germany unemployment rose 23k in September, unemployment rate dropped 0.1% to 5.2%.