Prior +3.4%HICP +2.9% vs +2.9% y/y prelimPrior +3.6%
The good news is that core annual inflation is seen easing further to 2.8%, down from 3.0% in June. But it is still taking a while to recede towards the 2% mark, so there’s that.
This article was written by Justin Low at www.forexlive.com.
