Italy September preliminary CPI +0.7% vs +0.8% y/y expected

  • Latest data released by Istat - 30 September 2024
  • Prior +1.1%
  • HICP +0.8% vs +1.0% y/y expected
  • Prior +1.2%

Slight delay in the release by the source. This matches up with the softer headline figures from France and Spain last week. Then again, Italian headline inflation has been on the lower side for a while now. Nonetheless, it still reaffirms the latest calls for the ECB to cut rates in October.

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