Eurozone: Focus on inflation numbers – Danske Bank

According to analysts at Danske Bank, focus today remains on euro area inflation following the country releases on Friday.

Key Quotes

“These figures were stronger than expected and we now look for euro area headline and core HICP inflation to have remained unchanged at 1.3% and 1.1% in July, respectively. The inflation figures are not yet affected by the stronger euro as the impact will come after around six months.”

“The euro area unemployment rate for June is due out and we estimate another small 0.1pp drop to 9.2%, due to the ongoing economic recovery in Europe.”