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29th Apr 2022 00:10Eurozone, Daily Monitor

The electricity price cap in Spain means energy inflation there will fall further than previously thought.

German food and core inflation surprised to the upside in April, offsetting the fall in energy inflation.

Today's EZ release will show a smaller fall than we previously forecast; to 7.0% from 7.4% in March.

composite pmi core inflation core rate cpi electricity energy energy inflation eu eurostat ez gdp ez inflation france fuel gas prices gdp data gdp growth germany goods inflation headline inflation headline rate hicp imports italy May net revisions oil oil imports oil prices pmi pmis q1 q1 gdp q4 services activity services inflation spain spanish

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Keywords for: Is this the Start of a Sustained Fall in Energy Inflation? We Think So

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