The analysis team at TD Securities is expecting German inflation to slow to 2.1% on a dip in energy prices (mkt: 2.3%).
Key Quotes
“Underlying this, it’s likely that core (ex food and energy) CPI remained unchanged at 1.5%, despite a likely bounce in package holidays as other services categories along with ex-energy goods should be rather muted.”
“Looking ahead inflation should slip further in December before resuming a gradual climb as oil prices recover.”
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