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Spain May preliminary CPI +3.2% vs +3.5% y/y expected

Prior +4.1%HICP +2.9% vs +3.4% y/y expectedPrior +3.8%The headline reading and the EU-harmonised reading will be a welcome development for the ECB. And with core annual inflation also seen dropping to 6.1% - down from 6.6% previously - that should help brighten the prospects of the euro area economy, if other countries also show a similar trend. That said, do keep in mind that a lot of this is still to do with the higher energy prices last year being phased out. This article was... Read More

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Posted: May 30 2023, 07:00

Author Name: forexlive

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