Swiss Economicblogs.org
A close look at recent data suggest that core inflation in the currency area is edging higher, supporting the ECB ‘s plans for policy normalisation.Euro area flash HICP inflation rose to 1.5% y-o-y in August from 1.3% in July, while core inflation remained stable at 1.2% year on year. In our opinion, modest upward price momentum has started to build over the past few months, with core inflation likely to edge slightly higher from here.Euro area core inflation has broken out of the tight...
Read More »Upward momentum in euro area inflation is building
