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The Barclays Research Team offer a brief preview of today’s Eurozone flash CPI estimate due on the cards at 0900 GMT.

Key Quotes:

“We expect headline HICP inflation to accelerate to a low 1.8% (1.77% at 2dps) from 1.2% in April supported by energy, (unprocessed) food, and core inflation prices.”

“Excluding volatile components, we forecast underlying inflation to jump back to 1.0% (0.96% at 2dps) after plunging 0.3pp to 0.7% in April and remaining unchanged at 1.0% in March, as Easter related distortions correct.”