German CPI to accelerate to 0.2% Y/Y in June - TDS

Research Team at TDS, suggests that the markets are looking for German CPI to accelerate from flat Y/Y to 0.2% Y/Y in June, but we think that the risks lie to the upside.

Key Quotes

“Even though we’re looking for a soft reading for core inflation after the stronger print last month, the negative contribution from energy prices should start to wane. The ECB’s Sintra Conference is also ongoing, featuring a panel today with Yellen and Draghi, while Carney has pulled out as he’s had plenty of issues to deal with at home in the UK.”