Spain November preliminary CPI +3.2% vs +3.7% y/y anticipated

• Prior +3.5%
• HICP +3.2% vs +3.7% y/y anticipated
• Prior +3.5%

The surprisingly softer readings listed below are very a lot a welcome growth for the ECB. That alongside core annual inflation, which is seen slowing to 4.5% this month – its lowest since April 2022.

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