Day

September 4, 2024

Global Macro – European Inflation

The Euro Area flash estimate for its Harmonised Index of Consumer Prices (HICP) decelerated to 2.18% y/y in August from 2.58% in the prior month. HICP Overall, excluding Energy, accelerated to 2.75% y/y from 2.72%. The takeaway from those two series is that headline inflation did not get below the ECB target and consumer items...
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