Free Trial

Larger FX Option Pipeline

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI: EUROZONE DATA: Final HICP (May 2019) Preview - 10:00 BST
- HICP: Flash (May): 1.2% y/y; Previous (Apr): 0.7% m/m; 1.7% y/y
- Core HICP: Flash (May): 0.8% y/y; Previous (Apr): 1.3% y/y
- The flash estimate showed EZ inflation at its weakest in May since Apr 2018
- The final release is likely to confirm the flash readings
- Indeed, annual May HICP rates in Germany (1.3%), France (1.1%), Italy (0.9%) &
Spain (0.9%) were all unchanged from their flash estimates
- With energy price inflation set to slow further in the months ahead, the
headline HICP rate could fall below 1% later in the year
- Recently released data showing that EZ labour cost growth picked up in Q1 (by
0.1pp to 2.4% y/y) may offer some comfort to the ECB... 
 -...which continues to cite higher wage growth as a key driver of its
expectation for stronger core inflation ahead
- However, slower economic momentum & survey evidence of a slowdown in
employment gains, point to a levelling off in wage growth going forward

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.