Eurozone CPI slowed to 0.9% yoy in September, down form 1.0% yoy and missed expectation of 1.0% yoy. It’s also further away from ECB’s symmetric 2% target. Looking at the main components of euro area inflation,food, alcohol & tobacco is expected to have the highest annual rate in September (1.6%, compared with 2.1% in August), followed by services (1.5%, compared with 1.3% in August), non-energy industrial goods (0.3%, stable compared with August) and energy (-1.8%, compared with -0.6% in August).
