September 2015 Eurozone HICP flash data report 30 September 2015
– Prior 0.1%
– Core 0.9% vs 0.9% exp y/y. Prior 0.9%
The core holding is probably the saving grace, not that it’s much of a life saver. Draghi warned that inflation could sink and sink it has. They’re ready to look through the "transitory factors" but the market might not. Keep your ears open for increased QE calls