ECB’s Lane: June inflation data seems in line with our assessment

• Services inflation remains essential
• Need to take a little bit of time to assess inflation

Well, it seems like someone got the June report a little earlier than everyone else. In any case, the individual major country readings did not produce much surprises. It should fit with a mild moderation in price pressures, with headline annual inflation estimated to fall to 2.5% – down from 2.6% in May. As for core annual inflation, that is expected at 2.8% – down from 2.9% in May.

This article was written by Justin Low at www.forexlive.com.