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Eurozone May preliminary CPI +6.1% vs +6.3% y/y expected

Prior +7.0%Core CPI +5.3% vs +5.5% y/y expectedPrior +5.6%Euro area inflation drops by more than estimated (for both the headline and core readings) and that is a welcome relief for the ECB at least. Keep in mind though, that this is just one reading and it will take many more months of a similar trend to really convince policymakers that things have turned the corner. But at least for now, there is some hopeful optimism. This article was written by Justin Low at www.forexlive.c... Read More

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Posted: Jun 1 2023, 09:00

Author Name: forexlive

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