Eurozone: HICP inflation figure is the main release today – Danske Bank

Research Team at Danske Bank, shares their view that in the euro area, the main release is the HICP inflation figure for November today.

Key Quotes

“Headline inflation increased to 0.5% y/y in October up from September’s figure of 0.4% and from its bottom of -0.2% in April 16. We expect the rising tendency to continue throughout 2016 supported by an energy price-inflation pickup. Core inflation has remained steady at 0.8% y/y since August, and the figure is very likely to continue below 1% throughout 2016. As core inflation remains low and headline inflation is only supported temporarily by energy inflation, we still believe the ECB will not conclude that inflation is on a sustainable path.”