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Germany: Flash February HICP inflation to soften to 0.1% yoy - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at Societe Generale, expects German flash HICP to print noticeably lower at 0.1% yoy in February compared to 0.4% yoy in January.

    Key Quotes

    “This softness in the headline component is likely to be a result of persistent weakness in energy prices. Unlike January where positive base effects from the energy component pushed the headline up, there will be no positive energy-component base effects in February. We expect food prices on a yoy basis to continue to soften for a third month in a row.

    The core component should print at 1.2% yoy in February, on our estimates. We expect German HICP inflation to average 0.7% in 2016 and 1.7% in 2017, while the core metric should average 1.3% in 2016 and 1.4% in 2017.”
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