Eurozone: Flash core CPI to pick up slightly in February - TDS

Dhwani Mehta FXStreet

Analysts at TD Securities (TDS) offer a sneak peek at what to expect from Tuesday’s Eurozone Preliminary Inflation report.

Key quotes:

“We expect the flash core euro area CPI for February to pick up a touch to 1.2% y/y (mkt: 1.2%), while the drop in crude oil prices should see headline HICP slip to 1.2% y/y (mkt: 1.2%).

This would leave inflation on track to come in a bit firmer than the ECB forecasted for Q1 in its December staff forecasts, and should be of some comfort after a long series of downside surprises.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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