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12th Nov 2024 10:19EurozoneDaily Monitor

  • EZ food inflation has been edging up in recent months, mostly due to base effects. 
  • Factory-gate prices suggest it will continue to rise though; the 2022-to-23 shock will persist in the data.
  • Higher food inflation will keep the headline elevated, supporting our call for higher ECB rates for longer.

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Keywords for: 14 November 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence