Eurozone Sept CPI meets expectations, Core CPI disappoints

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 0.4% in Sept, matching consensus forecast and higher than 0.2% last.

However, the core rate surprised to the downside, and stayed unchanged from 0.8% seen in August, while markets had predicted a 0.9% rise in the reported month.

Separately, the Eurozone employment report showed that the unemployment rate remained at 10.1% in August versus 10.0% expected.