Eurozone flash CPI: Core figures to tick higher in January - Nomura

Analysts at Nomura provide a sneak peek on what to expect from today’s Eurozone flash CPI estimate due to be reported today at 1000 GMT.

Key Quotes:

“We forecast the flash estimate of euro area HICP inflation to remain at 1.3% y-o-y in February.

In contrast, we expect core inflation to increase to 1.1% y-o-y from 1.0% y-o-y in January.

A likely step-up in the prices of volatile items (e.g. packaged holidays) and a more generic shrinkage of slack should push up services sector inflation a little compared with last month.”