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Europe Week Ahead: EZ Inflation Prints, German IFO, -GDP, French INSEE
We expect Eurozone November ‘flash’ inflation to come out at 0.3% YoY on Friday, pretty stable compared with September and October prints. Core inflation should probably come out unchanged vs October at 0.7% YoY, while energy inflation is to remain very negative, at about -2.6% YoY. We do not rule out a ‘flash’ print at 0.4% with possibly some minor adjustment in the final figure, as the recent drop in crude oil prices – from USD85/bl to USD77/bl in November – is a source of noise in the ‘flash’ measure. Last month, Eurozone final inflation came out at 3bp, lower than the ‘flash’ one, as the ... (full story)