Prior +2.2%HICP +2.6% vs +2.7% y/y prelimPrior +2.4%
The good news at least is that core annual inflation decreased further in May, dropping to 1.7% – down from the 1.9% reading in April. Services inflation also fell slightly but remains sticky at 2.8%.
This article was written by Justin Low at www.forexlive.com.
