Free Trial

Core HICP Close To 5.5% Rounded, But Acceleration Underwhelming

EUROZONE DATA

The unrounded figures provide a little more context on the flash June eurozone HICP readings vs consensus

  • Headline unrounded was 5.512% Y/Y (vs 6.100% May)
  • Core unrounded was 5.448% Y/Y (vs 5.342% May)
  • So while the headline figure was softer than consensus coming into the week by 0.1pp, as could be inferred from the national prints (as we pointed out earlier).
  • Core was very close to printing an in-line unrounded 5.5%, however the acceleration was indeed 0.1pp vs May (both rounded and unrounded) which can reasonably be considered on the soft side of expectations for a 0.2pp acceleration.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.