Prior +3.3%HICP +3.8% vs +3.8% y/y prelimPrior +3.4%
Core annual inflation is seen at 3.0%, keeping rather sticky last month. That is seen up from the 2.9% reading in April. It is just one month’s reading, so we’ll have to see how things move in the months ahead now.
This article was written by Justin Low at www.forexlive.com.
