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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.
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
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