- Prior +3.2%
- HICP +3.4% vs +3.4% y/y prelim
- Prior +3.3%
The positive news is that core annual inflation is seen easing to 2.9%, down from 3.3% in the month before. The hope for the ECB will be for this trend to continue through to year-end. But we’ll have to see, especially since monthly core prices have been on the up.
This article was written by Justin Low at www.forexlive.com.
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