inflation

Eurozone

Eurozone inflation slows to 6.1% in May, lowest level since February 2022; core moderates to 5.3%

CdM: Price rises ease in the euro area. In May, inflation fell nine tenths of a percentage point from the previous month, bringing the Consumer Price Index (CPI) to 6.1%, according to Eurostat, the EU’s statistical office. This is the lowest level since February 2022, coinciding with the Russian invasion of Ukraine. Excluding the impact of energy, food, alcohol and tobacco, core inflation achieved two consecutive months of moderation, standing…


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Inflation resumes downward trend in May: drops 9/10 of a point to 3.2%, core inflation slows to 6.1%

CdM | The Consumer Price Index (CPI) fell by 0.1% in May compared to the previous month and cut its year-on-year rate by nine tenths to 3.2%, its lowest level since July 2021, due to the moderation in food prices and lower fuel prices. With the fall in May, inflation has resumed its downward trend after the rise of eight tenths of a percentage point in April, which put it…


inflation rises

Does the recent upturn in inflation signal the end of a 40-year disinflation cycle?

Capital Group | In the two graphs published below you can see the evolution of inflation data in both the short and the long term. In the second one, we see inflation and money supply indicators moving downwards (with some logic). On the other hand, if we look longer term, our experts extend the inflation data back to 1955 and wonder whether the pick-up we saw in inflation in recent…


inflationCM copia

Final Eurozone April CPI data will confirm still very high price levels: 7% year-on-year overall and 5.6% year-on-year core

Renta 4: European opening with little change (Eurostoxx futures -0.2%, S&P futures +0.1%), in a session in which we continue to receive relevant data on both activity and prices, and awaiting the conclusions of the meeting between Biden and congressional leaders to discuss the US debt ceiling and avoid default. For the moment, the positions are still at odds and the Republicans are trying to reach an agreement to limit…


Europa byn

Eurozone inflation rises one tenth of a percentage point to 7% in April

The year-on-year inflation rate in the Euro area accelerated by one tenth of a percentage point in April compared with the previous month, reaching 7%, compared with 6.9% in March, while in the European Union (EU) as a whole, prices eased to 8.1% from 8.3% in March, accumulating five months of moderation, according to data published by Eurostat. Among EU countries, the lowest year-on-year inflation rates were recorded in Luxembourg…


Spain CPI

Inflation confirmed at 4.1% in April, core inflation falls to 6.6% (vs. 7.5% previously)

Bankinter: April CPI (final) confirms +4.1% year-on-year preliminary announcement from +3.3% in March. In month-on-month terms it remains at +0.6% m/m preliminary (from +0.4% previously). The groups most affecting the monthly rise are Footwear and Clothing, Accommodation and Leisure Services. While Housing declined due to lower gas and electricity prices. Core CPI also remains at a preliminary +6.6% year-on-year and from +7.5% year-on-year previously. Annual CPI rateGeneral and core rate….


BCE Atril

Philip Lane (ECB) says still “plenty of momentum in food prices”

Link Securities | European Central Bank (ECB) chief economist, Ireland’s Philip Lane, said in a recent speech that there is still plenty of momentum in food prices and core inflation. He also noted that real wages have fallen as inflation has outpaced wages in recent years, but that he believes real wages will recover in the coming years. In this regard, Lane said that he sees wage inflation peaking this…


Eurozona IPC

Eurozone preliminary April CPI rises to 7% from 6.9%, core falls to 5.6% vs. 5.7% previously

Link Securities | Eurostat published on Tuesday that, according to the preliminary estimate of the data, the Eurozone consumer price index (CPI) rose 0.7% in the month of April compared to March. In the year-on-year rate, the Eurozone CPI rose in April, also according to the preliminary reading of the index, by 7.0% compared to 6.9% in March, which was expected by the analysts’ consensus. In April energy prices rose…


inflation rises

Prices rebound, inflation up to 4.1% in April, but underlying down to 6.6%

CdM : Prices rose again across the board in April. After the falls of recent months, inflation rose in the fourth month of the year to 4.1%, which is six tenths above the previous month and eight tenths higher than a year ago (it had not risen so much in one month since May 2022), according to the leading indicator of the National Statistics Institute (INE). The underlying rate, however,…


agri food

Spain’s 7.5% core inflation shows cost increases still being passed on to rest of economy

Bankinter : The March final CPI figure confirms the preliminary 3.3%, up from 6.0% year-on-year in February. The month-on-month figure also confirms the preliminary 0.4% (from +0.9% m/m previously). The underlying rate confirms the preliminary year-on-year figure of 7.5% (vs +7.6% year-on-year previously). Annual CPI rate: general and core, percentage Analysis: The moderation of the general data in March is based on the decline in electricity and fuel prices. Despite…