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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
MNI (LONDON) - Dutch flash HICP inflation fell to 3.33% in August, down from +3.47% in July, but remained firmer than the +3.1% expected. This equates to a +0.37% sequential increase (+1.26% July). The headline drop was energy-driven, though, as core HICP accelerated to 3.51% from 3.41% in July on the back of firmer services.
- Specifically, on services, the Y/Y print accelerated for the fourth consecutive time, coming in at 6.11% in August (vs 5.76% July), its highest value since August 2023.
- Non-energy industrial goods meanwhile continued printing in deflationary territory, printing -0.95% Y/Y (vs -0.69% July).
- Inflation in the food, alcohol and tobacco category increased to 5.55% Y/Y (vs 5.34% July).
- Energy inflation dropped to -3.25% Y/Y, mostly on the back of base effects, but also sequentially, the category saw a 1.04% price decline.
- The national CPI meanwhile ticked down to to 3.6% Y/Y (vs 3.7% July, 3.4% consensus).
- For reference, Netherlands represents 5.7% of the overall 2024 Eurozone HICP basket.
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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