|
Eurozone data to confirm oil prices fuelling inflation
10/10/2005
BRUSSELS, Oct 9 (AFP): Eurozone indicators to be released in the coming week will confirm that soaring oil prices are fuelling inflation, economists said.
"So far, higher oil prices have been offset by lower food prices, but as the flash estimate for eurozone inflation suggested last week, these factors appear to be abating," UBS economist Jennifer Aslin said. French inflation, due out Thursday, is forecast to have climbed in September from August's rate of 1.8 per cent.
Credit Suisse First Boston economists noted however that the impact of higher oil prices in the post-hurricane period would be more muted in France than in the rest of the euro area or the United States.
German inflation is forecast to rise to 2.5 per cent while the Italian inflation number, due out Friday, is expected to remain at 2.0 per cent.
|