Eurozone inflation to push a bit further into positive territory - TDS

Research Team at TDS, expects the Eurozone inflation to push a bit further into positive territory in September, rising to a nearly two-year high of 0.4% Y/Y (same as consensus).

Key Quotes

“We may see core inflation push a tenth higher during the month, but most of the upward momentum will come from a smaller drag from energy prices, where the year-ago drag should dissipate entirely by the beginning of 2017. Markets are also looking for a 0.4% reading.

The euro area unemployment rate is expected to edge ever closer to single-digit territory, with a tick down to 10.0%.”