Spain August ultimate CPI +2.3% vs +2.2% y/y prelim

• Prior +2.8%
• HICP +2.4% vs +2.4% y/y prelim
• Prior +2.9%

Core annual inflation is seen easing slightly again to 2.7% at least. That is down from 2.8% in July but still not quite there yet in terms of solidifying a base closer towards the 2% mark. It’s a slow grind and not just for Spain but most of the other countries in the euro area as well.

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