Germany: HICP inflation likely to print 2.2% in June - Nomura

Analysts at Nomura expect the flash reading of German HICP inflation to remain at 2.2% y-o-y in June.

Key Quotes

“For core inflation, we expect a fall to 1.2% y-o-y in June from 1.5% in May. The latter is partly due to the different timing of holidays this year compared with last year.”