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This report analyzes Eurozone inflation expectations, projecting lower headline and core HICP figures than market consensus. It attributes the minor downside surprise to volatile components like food and tourism rather than systemic weakness.

Key Takeaways

  • 1.Eurozone inflation is expected to track lower than consensus for the June print.
  • 2.No broad-based weakness is identified in inflation data; volatile components like unprocessed food and tourism drove the downside surprise.

Table of Contents

  • Not that weak
  • EUR Rates Dashboard
  • USD Rates Dashboard
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  • Red Mount Analytics
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Authors

Matthias LoiseJean-François Perrin

Securities

Bund 2.50% 11/32

Themes

Central Bank PolicyInflation Forecasts

Regions

EuropeUnited StatesGermanyFrance