Eurozone flash CPI: Core figures to tick higher in January - Nomura
|Analysts at Nomura provide a sneak peek on what to expect from today’s Eurozone flash CPI estimate due to be reported today at 1000 GMT.
Key Quotes:
“We forecast the flash estimate of euro area HICP inflation to remain at 1.3% y-o-y in February.
In contrast, we expect core inflation to increase to 1.1% y-o-y from 1.0% y-o-y in January.
A likely step-up in the prices of volatile items (e.g. packaged holidays) and a more generic shrinkage of slack should push up services sector inflation a little compared with last month.”
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