Eurozone HICP to slip from 1.4% to 1.1% y/y in June - TDS

Analysts at TDS suggests that their formal forecast had been for Eurozone HICP to slip from 1.4% to 1.1% y/y in June, a touch below consensus of 1.2%.

Key Quotes

“Given the upside we saw in yesterday’s German inflation data, our conviction is now lacking and a below-consensus outcome appears for less likely. Over the last two days we’ve also seen Italian inflation surprise to the downside but Spain surprise to the upside, providing no clear signals either. So at this point we’d be reluctant to bet against consensus.”