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MNI Eurozone Inflation Preview – June 2023

EUROZONE

Eurozone annual headline inflation is expected to continue declining in June’s flash estimate, with Bloomberg consensus at 5.6% Y/Y (vs 6.1% prior).

  • However, core is seeing accelerating to 5.5% Y/Y (vs 5.3% prior), following two months of disinflation.
  • As our momentum series indicate (see page 5), while goods and commodity price pressures are subsiding, they are picking up for services – the latter of which was the 2nd biggest contributor to May’s print (behind food).
  • Our preview includes analysis of several key areas to watch, short outlooks for the national inflation prints prior to the eurozone release, and sell-side analyst previews.

PDF ANALYSIS HERE:


Jun2023EZCPIPreview.pdf

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