Inflation update

Inflation in the eurozone seems to have passed its peak. In this update, we dive a little deeper into this with our inflation dashboard. Our dashboard indicates that the recent cooling of inflation has been driven mainly by declining commodity prices and tighter monetary policy. However, there is still upward pressure from the labour market. This suggests that core inflation, which is relatively sensitive to wage growth, may well remain high for longer than financial markets estimate. Read the full report by downloading it.