Prior +2.3%HICP +2.7% vs +2.7% y/y expectedPrior +2.3%
The readings are higher than what we saw with June with core annual inflation also nudging up to 2.3%, up from 2.2% in the month before. It seems like that it stabilising just above the 2% mark, which might not be too comfortable for the ECB among other things. However, that at least fits with their narrative to pause on further easing for now.
This article was written by Justin Low at investinglive.com.