Macro Pulse EU: Persistent Services Inflation Complicates Europe’s Inflation Outlook
Eurozone inflation has reaccelerated as renewed energy pressure combines with persistent services inflation, complicating the European Central Bank’s (ECB) policy path.
In the latest Credit Compass, Gordon Kerr discusses the latest eurozone inflation print, the manufacturing rebound, and the UK housing drag. Listen to Gordon Kerr’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit.
Eurozone inflation has recently increased but remains well below its 2022-23 peak. The latest reacceleration points to a more challenging composition. Energy pressure has returned, while services inflation remains the more persistent…
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