Germany: HICP to slip slightly to 2.1% y/y in June - TDS

Analysts at TDS are looking for German HICP to slip slightly from 2.2% y/y in May to 2.1% y/y in June (mkt 2.1%).

Key Quotes

“The big boost last month came from energy, but as crude oil prices largely stabilised in June, we don't look for much additional strength from that source.”

“Today also brings the first day of the EU Leaders' Summit. The agenda today will be EU-focused, with migration likely top of the agenda. Brexit will be but a footnote, to be discussed tomorrow.”