Prior +2.2%HICP +2.4% vs +2.4% y/y prelimPrior +2.1%
The standout reading here is that core annual inflation is seen nudging higher to 2.8%, up from 2.5% in August. And that will keep the ECB on their toes in deciding the next rate cut as price pressures remain stubborn in Europe’s largest economy.
This article was written by Justin Low at investinglive.com.