Prior +2.4%Core CPI +2.9% vs +2.9% y/y prelimPrior +2.7%
No changes to the initial estimates as euro area inflation remains stickier in May. We’ll have to see how the trend develops in Q3 to get a better idea if the ECB may look to cut rates in September next.
This article was written by Justin Low at www.forexlive.com.
