- Analytics
- News and Tools
- Market News
- Eurozone: Inflation numbers confirm the concerns of rising risks of deflation – Nordea
Eurozone: Inflation numbers confirm the concerns of rising risks of deflation – Nordea
FXStreet notes that Euro-area inflation came in at 0.1% y/y in May, down from 0.3% last month, while core inflation stood unchanged. The outlook is more uncertain further out, but analysts at Nordea see mostly downside risks to inflation in the coming years.
“Headline inflation in the Euro area continued down to 0.1% y/y in May according to the flash estimate. Energy prices continue to pull heavily on the headline, as it dropped 12% y/y, while unprocessed food prices were 6.5% higher. Core inflation stood unchanged at 0.9% y/y, surprisingly.”
“Headline inflation in Germany as measured by the preliminary HICP was 0.5% y/y in May, in line with expectations and down from last month’s 0.8%. Consumer prices in France came in with HICP at 0.2% y/y. In Spain, inflation dipped even further below zero than last month, reporting HICP at -0.9% y/y. Italian prices also dropped compared to last year, with preliminary inflation at -0.1% y/y.”
“Our forecast is for very low headline inflation this year and next year, at 0.0% and 0.5% y/y respectively. For Italy and Spain, we see a negative outcome this year.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
