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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.
EUROPEAN INFLATION
Dutch flash HICP inflation rose to +3.47%Y/Y in July, up from +3.36% in June, and firmer than the +3.3% expected (although consensus only consisted of 4 submissions). This equates to a +1.26% sequential increase (+0.17% June). Core HICP inflation accelerated to 3.41% from 3.14% in June - driven by accelerating services inflation.
- Specifically, on services, the Y/Y print increased for the third consecutive time, to +5.76% from +5.43% in June.
- Non-energy industrial goods meanwhile continued printing in deflationary territory, coming in at -0.69% Y/Y (vs -0.48% June).
- Inflation in the food, alcohol and tobacco category increased to +5.34% Y/Y (vs +4.34% June).
- Energy printed almost flat on the yearly comparison, at +0.06% Y/Y (vs +3.44% prior).
- The national CPI meanwhile rose to 3.7% Y/Y (vs 3.2% May).
- For reference, Netherlands represents 5.7% of the overall 2024 Eurozone HICP basket.
MNI, cbs.nl
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.
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