- Prior +2.3%
- HICP +2.6% vs +2.8% y/y prelim
- Prior +2.8%
The good news is that core annual inflation did ease a bit more to 2.7%, so that will help to keep the ECB on track to cut rates further in the months ahead. That said, the reading is still well above the 2% mark and is taking quite a while to settle lower.
This article was written by Justin Low at www.forexlive.com.
