Free Trial

MNI: GERMAN DATA: Flash CPI & HICP (Jun 2019)........>

MNI, NEWS
MNI: GERMAN DATA: Flash CPI & HICP (Jun 2019) Preview - 13:00 BST
-------------------------------------------------------------------------------
- CPI: Bloomberg: 0.2% m/m, 1.4% y/y; Prev (May): 0.2% m/m, 1.4% y/y
- HICP: Bloomberg: 0.1% m/m, 1.3% y/y; Prev (May): 0.3% m/m, 1.3% y/y
- MNI's analysis of state-level CPI data from the five states that have
published so far (just over 53% of national total) suggests pan-German inflation
will come in stronger than market expectations...
- ... with our estimate pointing to CPI growth of 0.3% m/m & 1.7% y/y in Jun
- Core inflation is likely to have ticked up as services price growth firms
slightly following a weak May reading
- But upward pressure on the headline rate from core dynamics should be offset
to some extent by falling y/y energy inflation
- Going forward, headline inflation should trend lower in the coming months... 
- ... as energy base effects continue to exert downward pressure, while core
inflation remains subdued amid the soft economic backdrop

To read the full story

Close

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.