Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
--Flash Eurostat Data Sees EMU March HICP At 1.4% y/y vs 1.1% February
--Flash Core Inflation Unchanged At 1.0% Y/Y in March
By Jamie Satchithanantham
LONDON (MNI) - March Euro area headline inflation rose over the month of
March but core inflation held firm, falling short of analysts' expectations,
flash data released by Eurostat on Wednesday revealed.
The March headline HICP reading rose 0.3 percentage point to 1.4% on the
year, in line with the market consensus. The measure had declined for three
consecutive months prior to the March result, trending down from November's peak
Despite the rise in headline HICP it still remains below the ECB's target
of "just below two per cent".
The major contributors to the March rise were food, alcohol and tobacco,
with prices jumping 2.2% y/y compared to the 1.0% y/y rise in February and the
1.8% recorded last March. Energy prices were up 1.3% y/y, up from 1.0% in Feb.
Excluding energy, alcohol, tobacco and food, core inflation was estimated
to have held firm at 1.0% on the year in March, below the 1.1% markets had been
Category data show that this month's data was also driven by a rise in
services output, likely linked to Easter which fell early this year compared to
last. Services inflation was up 1.5% y/y, 0.2pp higher than in February and
0.5pp higher compared to March 2017.
--MNI London Bureau; +44 203-586-2226; email: email@example.com