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UBS On-Air: Paul Donovan Daily Audio 'Another day, another set of inflation data'
Published 1 year, 8 months ago
Description
Eurozone April inflation data generates less of the tense excitement that a US inflation release can produce. The regional data we have already had suggests a modest decline in the headline consumer price inflation rate. Overall, Eurozone inflation has fallen from 10.6% to essentially an on-target number within a year and a half—without an unemployment shock. This suggests that inflation is neither sticky, nor conventionally cyclical.