• Prior +2.3%
• HICP +2.6% vs +2.8% y/y prelim
• Prior +2.8%

The good news is that core annual inflation did ease a bit more to 2.7%, so that will help to keep the ECB on track to cut rates further in the months ahead. That said, the reading is still well above the 2% mark and is taking quite a while to settle lower.

This article was written by Justin Low at www.forexlive.com.