Comment & Analysis
UK inflation higher than expected; German business sentiment (IFO) on the fall
UK: CPI (Apr.): 1.2% m/m vs 0.7% expected (prior: 0.8%) Despite the fall in energy prices, prices have strongly re-accelerated in food, housing, transports, communication and leisure sectors over the month. Core inflation was up by 1.3% m/m after 0.9% m/m the prior month. Yearly trend has declined from 10.1%…
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