Prior +2.8%HICP +2.4% vs +2.4% y/y prelimPrior +2.9%
Core annual inflation is seen easing slightly again to 2.7% at least. That is down from 2.8% in July but still not quite there yet in terms of solidifying a base closer towards the 2% mark. It’s a slow grind and not just for Spain but most of the other countries in the euro area as well.
This article was written by Justin Low at www.forexlive.com.
