Eurozone: Flash August CPI expected at 2.1% y-o-y - Rabobank

Analysts at Rabobank point out that today sees Eurozone flash August CPI, which is expected at 2.1% y-o-y and yet just 1.1% core, neither measure changed from July.
Key Quotes
“In short, even with everything as good as it can realistically get in Europe, CPI is half what it should be on an underlying basis. Care to take a bet where it will be 12 months from now? We also have Eurozone unemployment, seen a tick lower at 8.2%.”
“In the US it’s the Chicago PMI for August, seen dipping from a heady 65.5 to a still-strong 63.0.”
Author

Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

















