The breakdown of euro-zone HICP inflation data for September, published today, reveals that there was a significant fall in inflation for tourism-related services as the summer season ended. This helped to bring core and headline inflation down a little more rapidly than anticipated, but it does not change the big picture for the ECB which will stick to a hawkish script next week.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.