30 Apr 2015
Eurozone inflation to climb back to positive territory – Danske
FXStreet (Barcelona) - Senior Analyst at Danske Bank, Pernille Bomholdt Nielsen, previews the Eurozone CPI data release, forecasting an above consensus gain at 0.1% yoy in April.
Key Quotes
“Yesterday’s German inflation data were in line with our expectations and hence we have not changed our view that preliminary inflation data for the euro area as a whole, due for release today, will show that the euro area edged out of deflation in April.”
“We expect HICP inflation to increase to +0.1% y/y in April from -0.1% y/y in March, mainly on the back of a less negative contribution from energy prices but core inflation is also expected to have edged slightly higher.”
“The unemployment rate should have continued its downward trend to the lowest level since April 2012.”
Key Quotes
“Yesterday’s German inflation data were in line with our expectations and hence we have not changed our view that preliminary inflation data for the euro area as a whole, due for release today, will show that the euro area edged out of deflation in April.”
“We expect HICP inflation to increase to +0.1% y/y in April from -0.1% y/y in March, mainly on the back of a less negative contribution from energy prices but core inflation is also expected to have edged slightly higher.”
“The unemployment rate should have continued its downward trend to the lowest level since April 2012.”