Eurozone September preliminary CPI +2.2% vs +2.2% y/y expected

• Prior +2.0%
• Core CPI +2.3% vs +2.3% y/y expected
• Prior +2.3%

That is five months in a row now that core annual inflation is holding at 2.3% for the euro area. It comes as services inflation remains the sticky one, seen at 3.2% in September. Meanwhile, food price inflation declined marginally to 3.0%. So, there's still more work to be done for the ECB.