Central Banks
ECB Says Underlying Inflation in Euro Zone Probably Peaked
- Domestic inflation, PCCI and HICPXX seen best capturing trend
- Economic bulletin finds price pressures remain high overall
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Underlying inflation in the euro zone has probably peaked, even though its exact level remains difficult to determine, according to the European Central Bank.
The recent easing is mainly driven by non-energy industrial goods, the ECB wrote in a pre-release of its economic bulletin published on Friday, adding that a decline for services appears to have started too.