According to a flash estimate from Eurostat, euro area annual inflation is expected to be 0.7% in October 2019, down from 0.8% in September. Meanwhile, the core figures unexpectedly accelerate to 1.1% in the reported month when compared to 1.0% expectations and 1.0% previous.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in October (1.6%, compared with 1.5% in September), followed by food, alcohol & tobacco (1.6%, stable compared with September), non-energy industrial goods (0.3%, compared with 0.2% in September) and energy (-3.2%, compared with -1.8% in September).