Consumer prices were a little softer than originally reported in September. The final data showed a 0.2 percent monthly dip, a tick sharper than the provisional estimate although the annual inflation rate remained at 1.0 percent, just 0.1 percentage points firmer than its final August mark.
The final HICP was similarly shaded a tick weaker to show a 0.2 percent monthly drop but its annual rate was also unrevised at 1.1 percent, up from 1.0 percent in mid-quarter.
The monthly headline decline was driven by a largely seasonal 1.3 percent drop in the cost of services. However, the annual rate here also eased a couple of ticks to 1.0 percent as airfare inflation dropped 1.8 percentage points to a 2.5 percent yearly rate. By contrast, manufactured goods prices fell less this year (0.5 percent) than in 2016 (0.7 percent) on the back of a smaller seasonal decline in clothing and footwear (0.7 percent after 1.3 percent).
Seasonally adjusted, the CPI was up 0.2 percent versus August. Within this, core prices were just 0.1 percent higher to leave the underlying annual rate unchanged from its 0.5 percent August reading.
The final September data leave a stubbornly flat trend in underlying inflation.