Prior +2.7%HICP +3.0% vs +3.0% y/y expectedPrior +2.7%
The headline estimates might be a little higher than in August but core annual inflation is seen easing just a touch from 2.4% to 2.3%. So, the ECB can take comfort in that but they won’t quite feeling the urgency just yet unless we see more positive signals on prices in the likes of Germany especially.
This article was written by Justin Low at investinglive.com.