What inflation data will become significant? Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, is focused on the development of core inflation.

Trend of rising core inflation rates has been unbroken

“The picture is quite unambiguous: whereas headline rates are falling, the trend of rising core inflation rates has been unbroken. As a result, my message for future inflation data is: pay attention to the development of core rates. That is much more relevant for inflation sentiment.”

“Only once we notice a reversal in core inflation data, the fear of inflation currently affecting the market is going to ease.”