Prior +0.8%HICP +0.6% vs +0.6% y/y prelimPrior +0.9%
Core annual inflation continues to ease further, falling to 1.1% in May – down from 1.3% in April. That’s largely due to a further drop in services inflation, seen down to 2.1% from 2.4% previously.
This article was written by Justin Low at www.forexlive.com.