Pantheon Macroeconomics

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31st Mar 2023 15:17Eurozone, Weekly Monitor

  • EZ energy inflation plunged in March, but the core rate hit a new high, due to firming services inflation.
  • The fall in EZ non-energy goods inflation in March was a relief; it has limited the upside in core inflation.
  • We still think the ECB will hike by 50bp in May, but the April data could easily persuade it to do 25bp.

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Keywords for: 3 Apr 2023 Eurozone Monitor

April, core rate, ECB, energy, energy inflation, eurozone, ez, goods inflation, hicp, inflation, March, non-energy goods, non-energy goods inflation, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence