Final euro area HICP inflation to be revised up marginally to 0.1% yoy

October final euro area HICP inflation is expected to see a small upward revision to 0.1% yoy from the flash reading of 0.0% yoy. After the higher-than-expected French HICP inflation reading yesterday of 0.2% yoy (market expectation: 0.1% yoy) and with no changes seen in final headline inflation in Italy (0.3% yoy) and Spain (-0.9% yoy), a slight upward revision is expected to the aggregate euro area HICP inflation reading. While the headline figure is expected to be revised upwards, the core print should remain unchanged at 1.0% yoy.

"We expect euro area HICP inflation to average 0.1% in 2015 and 1.0% in 2016, while the core metric should average 0.8% in 2015 and 1.2% in 2016", notes Societe Generale.