Latest data released by Destatis - 27 September 2018

  • HICP +0.4% vs +0.1% m/m expected
  • Prior 0.0%
  • HICP +2.2% vs +1.9% y/y expected
  • Prior +1.9%

Slight delay in the release by the source. As noted earlier here, the monthly reading was already published by Bloomberg and given that, the yearly estimate should come out at about +2.3% y/y. Very much in-line with the new "expectations".

As mentioned in the state readings earlier, on any other day the figures here would underpin the euro. But today, it's all about Italy.