Contact Us



Eurozone FIG Rising

Price pressures in the euro zone rose in August as inflationary pressures in Germany, Italy and Spain increased, an index compiled by the Economic Cycle Research Institute showed on Friday.

ECRI, which designs indices aimed at predicting business cycles in leading economies, said its Eurozone Future Inflation Gauge was up at 92.9 in August from a revised 91.7 in July.

In France the future inflation gauge was unchanged at 102.3 in August, while in Germany the gauge rose to 78.5 from 76.6 in July.

The Italian Future Inflation Gauge (IFIG) picked up to 98.2 in August from 97.9. ECRI said Italian inflation pressures remain in a slow uptrend.

The Spanish gauge was pushed up to 112.6 in August from 109.3.

The euro zone gauge aims to anticipate cyclical swings in the region's inflation rate and changes in official interest rate policy by measuring underlying inflationary pressures, rather than actual inflation rates.

It is similar to ECRI's inflation indexes for the United States, Britain and Japan.
The euro zone gauge uses a weighted average of ECRI's indexes for Germany, France, Italy and Spain.