Spain October preliminary CPI +1.eight% vs +1.eight% y/y anticipated

• Prior +1.5%
• HICP +1.eight% vs +1.eight% y/y anticipated
• Prior +1.7%

The upper readings right here reaffirms some bumps within the street within the disinflation course of. Core annual inflation additionally ticked somewhat larger to 2.5%, up from 2.four% in September. We’ll see how this continues to play out within the months forward and the way a lot this may have an effect on the ECB outlook as such. For now, one month’s price of studying is not trigger for panic.

This text was written by Justin Low at www.ubaidahsan.com.



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