Euro-area HICP expected to print negative figure – Danske Bank

Research Team at Danske Bank, suggests that the Euro-area HICP inflation for April is due for release and we expect a negative print of -0.1% y/y, slightly lower than in March when it was 0.0%.

Key Quotes

“Core inflation should drop to 0.8% from 1.0% last, when it was supported by the early timing of Easter. The low core inflation also reflects headwind from the stronger euro, a lagged indirect impact from the low oil price and very subdued wage pressure.”