Prior +1.8%HICP +2.4% vs +2.4% y/y expectedPrior +1.8%
Core annual inflation was seen at 2.4%, marginally lower than the 2.5% reading in October. So, that’s a welcome development and offsets the rise in headline prices which largely has to do with base effects.
This article was written by Justin Low at www.forexlive.com.
