Eurozone: Focus on inflation figures – Danske Bank

Research Team at Danske Bank points out that in the euro area, the first inflation figures for March will be released today with the Spanish and German HICP inflation figures. 

Key Quotes

“We look for a decline in inflation in both countries reflecting lower core, energy and food price inflation. The decline in the volatile energy price inflation should follow as there is less support from the base effect and as the oil price has declined during March. Lower food commodity prices should eventually also result in lower consumer food price inflation after being lifted temporarily by cold weather in the winter months. Finally, the lower core inflation reflects the early timing of Easter last year, causing low inflation in the volatile package holidays prices in March this year.”