Prior +2.1%HICP +2.0% vs +2.2% y/y expectedPrior +2.1%
This was very much expected after the state readings were softer than estimated earlier here. Core annual inflation is seen moderating a little, down to 2.7% from 2.8% in May. However, it hasn’t changed all too much since the start of the year. So, sticky sticky.
This article was written by Justin Low at www.forexlive.com.