Analysts at Nomura provide a sneak peek on what to expect from today’s Eurozone flash CPI estimate due to be reported today at 1000 GMT.
“We forecast the flash estimate of euro area HICP inflation to remain at 1.3% y-o-y in February.
In contrast, we expect core inflation to increase to 1.1% y-o-y from 1.0% y-o-y in January.
A likely step-up in the prices of volatile items (e.g. packaged holidays) and a more generic shrinkage of slack should push up services sector inflation a little compared with last month.”
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