Products You May Like
Latest data released by the National Statistics Institute – 12 September 2018
- Final CPI +2,2% vs +2.2% y/y prelim
- Core CPI +0.8% vs +1.0% y/y expected
- Prior +1.0%
- HICP +0.1% vs +0.1% m/m prelim
- HICP +2.2% vs +2.2% y/y prelim
Preliminary readings can be found here. The headline readings are more or less within preliminary estimates but I’d be more concerned on the fact that the core inflation figure missed expectations and fell from July.
Although it’s not a major data point but this still contributes to the overall inflation picture in the Eurozone and that drag in core inflation isn’t a welcome sign in the grand scheme of things.
After hitting 1.1% in May, core CPI has decline back to 0.8% now in August.
This article was originally published by Forexlive.com. Read the original article here.