27 Feb 2015
German inflation might surprise to the upside – KBC
FXStreet (Barcelona) - The KBC Bank Research Team expects German inflation to surprise to the upside, with consensus expecting it to register a -0.5%yoy print.
Key Quotes
“After having dropped sharply over the previous two months, from 0.5% Y/Y in November to -0.5% Y/Y in January, German inflation is forecast to stabilize in February.”
“On a monthly basis, German HICP is forecast to have increased by 0.6% M/M, but the annual reading is expected unchanged (at -0.5% Y/Y) due to negative base effects.”
“Ahead of the national figure, the regional data should already give an indication. For now, we see risks for an upward surprise.”
Key Quotes
“After having dropped sharply over the previous two months, from 0.5% Y/Y in November to -0.5% Y/Y in January, German inflation is forecast to stabilize in February.”
“On a monthly basis, German HICP is forecast to have increased by 0.6% M/M, but the annual reading is expected unchanged (at -0.5% Y/Y) due to negative base effects.”
“Ahead of the national figure, the regional data should already give an indication. For now, we see risks for an upward surprise.”