Saturday, March 4, 2017

Eurozone Inflation: Looking for the Overshoot

From FT Alphaville, March 2:

Snap AV: This inflation is headline, the other one is far away
From Capital Economics, with our emphasis:
February’s rise in euro-zone consumer price inflation put it in line with the ECB’s 2% price stability ceiling for the first time since January 2013, but underlying price pressures remain subdued. The increase in headline harmonised CPI inflation, from 1.8% to 2.0%, was in line with the consensus forecast and left the rate at its highest in over four years. But the pick-up entirely reflected higher energy and food inflation while the core rate was unchanged at just 0.9%.
And from ING:

Eurozone inflation is making a come-back....