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2024/03/28 / Erste Group Research

Will inflation fall further?

A first flash estimate of Eurozone inflation for March will be published next week (April 3). We expect the inflation rate to largely stabilize, due to ongoing opposing effects.

In our view, however, the focus will be on the recent disappointing trend in service inflation. An analysis of the data shows that in almost all Eurozone countries, tourism (hotels & restaurants) is primarily responsible for the unchanged high level of inflation in the service sector.

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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-