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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.
MNI Eurozone Inflation Preview – July 2024
MNI Eurozone Inflation Preview – July 2024
- Following June’s slight slowdown, July’s print (released Jul 31) is expected to see headline HICP remain steady at 2.5% Y/Y; core inflation meanwhile is expected to edge down 0.1pp to 2.8% - with a possible shift in underlying dynamics.
- For services inflation, which has held at around the same Y/Y rate over the last 7 months, the question is when, if at all, the long-anticipated disinflationary process will start. The ECB Governing Council has signalled high conviction in their view that a moderation of price pressures in the services category is only a matter of time, but at the same time has flagged elevated uncertainty about the timing and speed thereof given ongoing stickiness.
- Core goods meanwhile have been the major driver of core inflation in recent months, but their pace of disinflation has tapered off and could even see a temporary reversal going forward.
- Our preview includes analysis of price categories to watch, assessments of underlying inflation trends, outlooks for the French, German, Spanish, and Italian national inflation prints, and sell-side analyst previews.
PDF analysis here:
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.
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