Euro zone inflationary pressures on the rise, says think tank
Inflation gauge, calculated by Economic Cycle Research Institute, suggests prices are creeping up
Euro zone consumer prices fell again in March, as expected, but the decline was the smallest this year
Inflation pressures in the euro zone have picked up, suggesting prices in the region may begin rising soon, an indicator designed to predict cyclical trends showed on Friday.
The Eurozone Future Inflation Gauge (EZFIG), a measure of the outlook for inflation published by the Economic Cycle Research Institute, rose to 97.3 in February from 95.9 in January.
“In line with the earlier cyclical upturn in the EZFIG, euro zone inflation has turned up. Meanwhile, with the EZFIG increasing further in February, euro zone inflation pressures continue to firm,” the think tank’s chief operations officer, Lakshman Achuthan, said.
Euro zone consumer prices fell again in March, as expected, but the decline was the smallest this year.