You are here

Eurozone inflationary pressures have dipped: ECRI

nabmEUROZONEAFP7815.jpg
Inflationary pressures in the eurozone have ticked down but are still on a rising trend, according to an indicator issued on Friday that is designed to predict cyclical trends.

[LONDON] Inflationary pressures in the eurozone have ticked down but are still on a rising trend, according to an indicator issued on Friday that is designed to predict cyclical trends.

The Eurozone Future Inflation Gauge (EZFIG), a measure of the outlook for inflation published by the Economic Cycle Research Institute, dipped to 100.3 in June from May's four-year high.

"Despite its latest downtick, the EZFIG remains close to its earlier high. Thus, eurozone inflation pressures are still in a rising trend," said Lakshman Achuthan, ECRI's chief operations officer.

Euro zone inflation was unchanged at 0.2 per cent in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom