Danske Bank with a preview of the Eurozone inflation report later
- Flash inflation remain at 1.3%
- Core inflation to decline to 0.9%
- Due to Easter base effects from 2017 becoming a drag on services prices
- A temporary increase in headline inflation in coming months is likely because of energy price inflation
- Although we expect the underlying price pressure remains subdued going forward
As I mentioned earlier in the week and even last month, watch out for the Easter Bunny in April's reading and don't look too much into the drop in core inflation compared to March.
