Analysts at TDS point out that Eurozone inflation came in exactly in line with their forecast and consensus, with headline HICP edging a tenth higher to 2.0% y/y, and core CPI edging a tenth lower to 1.0% y/y.
Key Quotes
“The big contributor to the rise in headline inflation has been energy prices, although food inflation is also sitting at its highest level in nearly 5 years. Core inflation trends are still subdued though, with no clear uptick.”
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