Concerns over a pick-up in food inflation have been growing in recent days given the spike in vegetable prices. The inflation picture could change very quickly given how volatile prices can be, but we...

June’s inflation data won’t shift the dial at the ECB. While the headline rate is on a steep downward trend, services inflation shows no sign of falling.

Although CPI data released this week showed a sharp slowdown in headline inflation, it’s clear that underlying price pressures remain strong. What’s more, yesterday’s retail sales data revealed an...

The end-month data rush mostly affirms our view of the economy. The first fall in underlying inflation in Tokyo in more than a year is likely to be followed by consistent decreases in H2, while the...