EA: Core Inflation Burns-Off Energy Fall

2022-04-30

The Euro area's Q2 inflation outlook has eased with energy in recent weeks, but core strength means it is still on track to beat the ECB’s forecast by almost 2pp. We expect it to hike in Sep-22.

EA inflation increased again in Apr-22 to 7.5%, extending the trend to a fresh high. Surprisingly intense core pressures offset energy price declines.
Upside news was relatively broad-based for our forecast, albeit with Spain far weaker than the consensus expected amid deep energy price declines.
The Q2 inflation outlook has eased with energy, but it is still on track to beat the ECB’s forecast by almost 2pp. We still expect it to hike in Sep-22.

By Phil Rush - https://www.smartkarma.com/profiles/phil-rush?utm_source=tiger_community

On Macroeconomics - https://www.smartkarma.com/collections/macro?utm_source=tiger_community

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Comments

ccy1122
2022-04-30
ccy1122
[OK] [OK] [OK] [Warning] [Warning] [Warning] [Observation] [Observation] [Observation]
ThaiGirl
2022-04-30
ThaiGirl
good insight. keep looking
SteadyDoesIt
2022-04-30
SteadyDoesIt
Everywhere prices are going up
SilentWarrio
2022-04-30
SilentWarrio
thank you
Big Little
2022-04-30
Big Little
Thank you
Fayt
2022-04-30
Fayt
thanks for sharing!

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Surprisingly intense core pressures offset energy price declines.</li> \n <li>Upside news was relatively broad-based for our forecast, albeit with Spain far weaker than the consensus expected amid deep energy price declines.</li> \n <li>The Q2 inflation outlook has eased with energy, but it is still on track to beat the ECB’s forecast by almost 2pp. We still expect it to hike in Sep-22.</li> \n</ul> By Phil Rush - https://www.smartkarma.com/profiles/phil-rush?utm_source=tiger_community On Macroeconomics - https://www.smartkarma.com/collections/macro?utm_source=tiger_community</body></html>","htmlText":"<html><head></head><body>The Euro area's Q2 inflation outlook has eased with energy in recent weeks, but core strength means it is still on track to beat the ECB’s forecast by almost 2pp. We expect it to hike in Sep-22. <ul> \n <li>EA inflation increased again in Apr-22 to 7.5%, extending the trend to a fresh high. Surprisingly intense core pressures offset energy price declines.</li> \n <li>Upside news was relatively broad-based for our forecast, albeit with Spain far weaker than the consensus expected amid deep energy price declines.</li> \n <li>The Q2 inflation outlook has eased with energy, but it is still on track to beat the ECB’s forecast by almost 2pp. We still expect it to hike in Sep-22.</li> \n</ul> By Phil Rush - https://www.smartkarma.com/profiles/phil-rush?utm_source=tiger_community On Macroeconomics - https://www.smartkarma.com/collections/macro?utm_source=tiger_community</body></html>","text":"The Euro area's Q2 inflation outlook has eased with energy in recent weeks, but core strength means it is still on track to beat the ECB’s forecast by almost 2pp. We expect it to hike in Sep-22. EA inflation increased again in Apr-22 to 7.5%, extending the trend to a fresh high. Surprisingly intense core pressures offset energy price declines. Upside news was relatively broad-based for our forecast, albeit with Spain far weaker than the consensus expected amid deep energy price declines. The Q2 inflation outlook has eased with energy, but it is still on track to beat the ECB’s forecast by almost 2pp. We still expect it to hike in Sep-22. By Phil Rush - https://www.smartkarma.com/profiles/phil-rush?utm_source=tiger_community On Macroeconomics - 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