Italy CPI Oct flash mm 0.0% vs +0.2% exp

Italy CPI Oct flash report 31 0ct

• -0.2% prev
• yy -0.1% vs +0.1% exp/prev
• HICP mm +0.2% v 0.4% exp vs +1.9% prev
• yy -0.1% vs +0.1% exp/prev

Not great data and a return to yy deflation after a brief ray of hope in Sept, but focus right now is on the better than expected EZ composite inflation reading.