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MNI: EUROZONE DATA: Flash HICP (May 2019) Preview....>

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MNI: EUROZONE DATA: Flash HICP (May 2019) Preview - 10:00 BST
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- HICP (y/y): Bbg Consensus: 1.3%; MNI Median: 1.4%; Previous (Apr): 1.7%
- Core HICP (y/y): Bbg Consensus: 0.9%; MNI Median: 0.9%; Previous (Apr): 1.3%
- After increasing to its strongest rate in two years in Apr, core inflation is
expected to fall back below 1% in May...
- ... dragging the headline rate down to its lowest level in just over a year...
- ... as the Easter timing effects which drove seasonal services prices higher
in Apr unwind
- Member state data released so far suggests May inflation data could come in
weaker than consensus forecasts...
- ... the headline HICP rate fell in Germany (-0.8pp to 1.3%), France (-0.4pp to
1.1%), Italy (-0.2pp to 0.9%) & Spain (-0.7pp to 0.9%)

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