Spain August preliminary CPI +2.7% vs +2.8% y/y expected
- Prior +2.7%
- HICP +2.7% vs +2.7% y/y expected
- Prior +2.7%
The headline readings are the same as they were in July but core annual inflation is seen creeping a little higher to 2.4%, up from 2.3% in the month before. So, that is something to keep an eye out for at least. Anyway, this just serves to reaffirm the ECB rate outlook for the time being.