Prior +2.0%Core CPI +2.3% vs +2.3% y/y expectedPrior +2.4%
Headline annual inflation may have ticked a little higher in August but core annual inflation is seen moderating just a little bit at least. The latter is still the most crucial data point and will help the ECB to maintain their current stance ahead of next week’s policy decision. The breakdown shows that services inflation remains a sticking point at 3.1%.
This article was written by Justin Low at investinglive.com.