cover of episode UBS On-Air: Paul Donovan Daily Audio 'The disinflation dance'

UBS On-Air: Paul Donovan Daily Audio 'The disinflation dance'

2023/3/30
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

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Shownotes Transcript

Spain and Germany issue initial estimates for March consumer price inflation. These numbers are likely to slow quite significantly (especially for the year-over-year comparison). The second wave of inflation—energy prices—starts to drop out of the calculation. What is left is profit margin-led inflation (if companies earned normal profit margins, there is little question inflation would be meaningfully lower).