Euro area October final HICP inflation likely shown positive sign

Euro area CPI inflation rate for October is scheduled to release today. The French HICP inflation reading released yesterday posted 0.2% yoy, no changes are seen in final headline inflation in Italy and Spain as the economy posted 0.3% yoy and -0.9% yoy respectively.

A slight upward revision is foreseen in the overall euro area HICP inflation reading.

"We expect October final euro area HICP inflation to see a small upward revision to 0.1% yoy from the flash reading of 0.0% yoy...we are now expecting a slight upward revision to the aggregate euro area HICP inflation reading. While the headline figure is expected to be revised upwards, the core print should remain unchanged at 1.0% yoy", says Societe Generale.