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.
Eurozone HICP likely hit an annual rate of 2.2% in July, according to analysts, confirming the initial estimate released late last month. That represents the quickest pace of inflation since October 2018. However, benchmark effects, particularly in the energy sector (which rose by 14.1% y/y in the flash estimate) are likely to recede in coming months, and the European Central Bank has taken a relaxed attitude toward the rise in HICP above its new target of 2.0%.
The central bank expects inflation to recede to an annual rate of just 1.4% by 2023, although Bundesbank officials have hinted at concern with German inflation, which rose to 3.1% in July from 2.1% in June. Core inflation -- excluding food and energy -- fell to an annual rate of 0.7% in the July flash estimate, down from 0.9% a month earlier. Updated HICP data are scheduled for release at 1000 BST on Wednesday.
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.