• Prior +2.3%
  • HICP +2.7% vs +2.7% y/y expected
  • Prior +2.3%

The readings are higher than what we saw with June with core annual inflation also nudging up to 2.3%, up from 2.2% in the month before. It seems like that it stabilising just above the 2% mark, which might not be too comfortable for the ECB among other things. However, that at least fits with their narrative to pause on further easing for now.

Source: Forex Live