Prior +2.0%HICP +2.1% vs +2.0% y/y expectedPrior +1.8%
The state readings, which were firmer than estimated, from earlier can be found here. Core annual inflation remains unchanged for a third straight month at 2.7%. That is still on the higher side as it holds above the ECB’s 2% target, so more work needs to be done in getting that lower. That especially with German consumers continuing to feel the pinch.
This article was written by Justin Low at investinglive.com.