Eurozone flash CPI preview - Nomura

Research analysts at Nomura provided fresh insights on the upcoming Euro area flash HICP estimate, with expectations of a 0.5% y-o-y reading.

Key Quotes:

“After a downside surprise in French flash October HICP inflation (0.5% y-o-y vs our forecast of 0.7% y-o-y), stronger-than-expected Spanish HICP inflation (0.5% y-o-y vs our forecast of 0.3% y-o-y) and German HICP inflation in line with our expectations, we are now tracking a 0.5% y-o-y reading for euro area October HICP (Bloomberg consensus: 0.5% y-o-y).“

“We also expect euro area core inflation to remain at 0.8% y-o-y in October. We view risks around our forecast as broadly balanced.”