-
Euro-area flash inflation: Easing concerns
We maintain our view that second-round effects from the war in the Middle East are likely to push inflation higher for the remainder of the year, though those risks have also eased with the rapid drop in oil prices to levels not much higher than a year ago. June flash inflation: Inflation slowed to 2.8% y/y in June, down from 3.2% y/y in May. Bloomberg Consensus was 3.0% y/y, while markets were priced slightly lower at around 2.9% (2.8% y/y excluding tobacco, which added 0.1 %-points to headline inflation in May). table Core inflation slowed to 2.4% y/y in June, down from 2.6% y/y in May. The slowdown in core ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
BoE's Bailey: Decision not to raise rates was based on a softening economy BAILEY: RATE CUTS OFF THE TABLE AT THE MOMENT BoE Gov. Bailey: We have a delayed reaction mechanism to energy prices. BoE Gov. Bailey: Can argue policy has been tightened
Economic activity in the manufacturing sector expanded in June for the sixth consecutive month, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The Manufacturing PMI® registered ...
European Central Bank President Christine Lagarde said on Wednesday that upside risks to inflation and downside risks to growth in the euro area had become "more broadly balanced" in recent weeks. Speaking during a panel discussion at the ECB Forum on Central Banking in Sintra, Portugal, Lagarde said that "risks, [...] that we have to the upside on ...
