Analysts at TDS are looking for Eurozone inflation to rise slightly from 1.9% y/y in May to 2.0% y/y in June (mkt 2.0%).
Key Quotes
“We think that details will show core CPI slipping back down to 1.0% y/y, back to where it was in January-March. But base effects from energy prices should help to support the headline print, sending it to its highest level since February 2017, but in line with the ECB’s forecasts from the June meeting.”
“The EU Leaders’ Summit wraps up today, and Brexit will be on the agenda. As trailed in a draft about a week ago, EU27 leaders are expected to warn that progress is not being made quickly enough on the Brexit front.”
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