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EUROPE DATA PREVIEW
EUROPE DATA PREVIEW: Ahead of the release of German CPI for March today
Christian Weil at Commerzbank warns that inflation may be about to rise
unexpectedly "The ECB expects the inflation rate to hover around 1.5% in the
further course of 2018, while we envisage an inflation rate above 2% in the
summer. Already in March, the rate is likely to jump substantially upward,
mainly due to weather and calendar effects as well as energy prices."
- Being more specific, Commerzbank continues "the inflation rate for services
related to package holidays and accommodation will probably rise from 2.1% to
around 5%, which would push up the core inflation rate from 1.0% in February to
1.2% in March"

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