- Prior +3.4%
- HICP +2.9% vs +3.2% y/y expected
- Prior +3.6%
The readings are lower than estimated as Spanish headline inflation continues to swing around mostly in the past half-year. As for core annual inflation, it is seen easing further to 2.8% – down from 3.0% in June. That’s comfort for the ECB but still not quite at a level that they would like.
This article was written by Justin Low at www.forexlive.com.
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