Inflation figures are set to dominate the week’s economic releases, with June price statistics published in several countries, including the US, the eurozone states and the UK.
Analysts, however, are not forecasting anything that should give the inflation hawks cause for concern. The minutes from the US Federal Open Market Committee’s meeting in June, released on Wednesday, should cast more light on this subject, with fears of rising energy prices thought to be the main concern for US policymakers.
Price data for the UK and France are released tomorrow, and consumer prices in both countries are not expected to show significant development. The UK annual rate is expected to slow slightly from May’s figure of 3.4 per cent to 3.2 per cent, and France’s consumer price index is expected to remain stable at 1.6 per cent.