Report
Disinflation has actually become very slow in the euro zone
The decline in inflation has actually been very slow since the end of 2023 in the euro zone, as shown by the trend in inflation excluding energy and unprocessed food, and the rise in prices of services excluding rents. This slow fall in inflation is understandable when we consider: The still-tight labour market; The decline in labour productivity; The weak supply of goods and services; Structural inflationary mechanisms (ageing, insufficient production capacity, etc.). If the rate of disinflation continues to slow, inflation excluding energy and unprocessed food will be around 3% by the end of 2024.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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