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2022/06/24 / Erste Group Research

Inflation likely to rise further

Next week (July 1), a flash estimate of Eurozone inflation for June will be published. Based on current indications, we expect a further slight increase in inflation. We expect the momentum of both food prices and core inflation to increase further. The rate of change in energy prices is difficult to forecast. However, based on the development of electricity and oil prices, a further increase in momentum in June is possible.

We expect upward pressure from food prices as well as core inflation to persist in the coming months. By contrast, provided that energy prices stabilize at current levels, the annual rate of change in energy prices should start to decline gradually. For 2022 as a whole, we continue to expect inflation of 6.9%.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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