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Inflation data in Europe
Great Britain:
- Consumer Price Index (CPI) (m/m) (June), fact 0.0%, forecast 0.3%.
- Consumer Price Index (CPI) (y/y) (June), fact 2.0%, forecast 2.0%.
- Producers price index for (m/m) (June), fact -1.4%, forecast -1.0%.
Eurozone:
- Core Consumer Price Index (CPI) (y/y) (June), fact 1.1%, forecast 1.1%.
- Consumer Price Index (CPI) (y/y) (June), fact 1.3%, forecast 1.2%.
- Consumer Price Index (CPI) (m/m) (June), fact 0.2%, forecast 0.1%.
Data on consumer inflation in Europe turned out to be multidirectional. Thus, inflation data in the UK slowed down, confirming concerns about the economy and increasing pressure on the British pound, which remains oversold.
Fig. 1. Chart of Consumer Price Index (CPI) (m) UK
Eurozone data, on the contrary, improved, despite modest expectations, pointing to a slowdown in the downward trend and signs of a rise in consumer inflation to the target level.
Fig. 2. Chart of consumer price index (CPI) (y) of the eurozone
Thanks to the published data, the euro was supported, but continues to be limited by negative sentiment and risks. And the growth of the euro as a whole will be limited by the correction after the decline.
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