Free Trial
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
- The ECB’s seasonally adjusted indices indicate that core inflation momentum eased a little in August but remains above 3% on a 3m/3m SAAR basis.
- Although seasonally adjusted services prices rose a firm 0.42% M/M in June (driven in part by temporary Olympic-related effects in France), momentum moderated to 4.45% (vs 4.91% in July).
- One month’s data is not likely to allay Governing Council hawks’ concerns around services persistence though. Executive Board member Schnabel noted today that “services inflation needs to return to a level that is consistent with underlying inflation of 2% over the medium term”, and the August flash data hasn’t shown much progress on that front.
- Non-energy industrial goods prices were flat on a SA basis in August, though momentum rose to 0.92% (vs 0.39% prior) as price growth averaged -0.03 in March-May.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok