Free Trial

Expected +/- Negative Factors For Sept Inflation: Energy Mixed (1/2)

EUROZONE
From MNI's Eurozone Inflation preview - below are various key components to watch in the national and Euro CPI flash prints published Thu-Fri Sep 28-29:
  • Energy prices (mixed factor): Household energy prices (electricity/gas) will remain a deflationary factor Y/Y, and on aggregate are set to act as a disinflationary sequential force in September. But the dynamics will be very mixed, with Spain seeing higher electricity tariffs, but Italian and German prices softer (France’s are set to be flattish after August’s electricity price increases). Fuel prices however are set to increase sequentially, with oil prices rebounding. August EZ energy: -3.3% Y/Y, +3.3% M/M
  • Further easing of food price pressures (-ve factor): From March’s peak around 15% Y/Y, food prices (both processed and unprocessed) are seen continuing to continue disinflating below 10% in September, though some expect a small M/M SA increase.
  • August EZ food/alcohol /tobacco: 9.7% Y/Y, 0.0% M/M; unprocessed 7.8% Y/Y, -0.6% M/M

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.