|2022/08/26 / Erste Group Research|
EZ – inflation data for August in focus
Next week (August 31), a first flash estimate of Eurozone inflation for August will be published. In July, inflation rose to 8.9% y/y (previously 8.6% y/y).
We expect inflation to continue to rise slightly in August due to three factors. First, we expect food prices and core inflation to continue to rise slightly in August. Secondly, with regard to the inflation dynamics of gas and electricity, after wholesale prices have risen by a another 40% so far in August, we expect a further increase.
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|Author||Erste Group Research|
|Product name||Week ahead|
|Topic in focus||Macro/ Fixed income|
|Economy in focus||Eurozone, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||-|
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