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30 Oct 2015
Eurozone HICP inflation likely to bounce back into positive zone – Danske Bank
FXStreet (Delhi) - Research Team at Danske Bank, suggest that after the drop back into deflation territory in September, they expect the Eurozone HICP inflation figure to reverse back into inflation and forecast a rate of 0.1% y/y.
Key Quotes
“Gasoline prices declined again in October and we forecast the energy price component to be broadly unchanged. Instead we look for an increase in core inflation to 1.0% y/y from 0.9% y/y in September due to both higher service and goods price inflation.”
“Our forecasts are above consensus and after the higher-than-expected German numbers yesterday the risk might be skewed towards even higher numbers.”
Key Quotes
“Gasoline prices declined again in October and we forecast the energy price component to be broadly unchanged. Instead we look for an increase in core inflation to 1.0% y/y from 0.9% y/y in September due to both higher service and goods price inflation.”
“Our forecasts are above consensus and after the higher-than-expected German numbers yesterday the risk might be skewed towards even higher numbers.”