Analysts at Nomura expect the Eurozone’s flash estimate for euro area HICP inflation to increase to 2.0% y-o-y in June from 1.9% in May.
Key Quotes
“This increase is due to higher oil prices. We expect core inflation, however, to fall to 1.0% in June from 1.1% in May largely due to the unwinding of seasonal distortions caused by the timing of holidays this year compared with last year.”
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