Prior +2.1%HICP +2.0% vs +2.1% y/y expectedPrior +2.1%Core CPI Y/Y +2.5% vs +2.5% prior
We have slight misses here but that was pretty much expected after the softer German states readings here. Having said that, the core measure matched the prior reading. The data won’t change anything for the ECB. The market reaction has been muted given no change to interest rates outlook.
This article was written by Giuseppe Dellamotta at investinglive.com.