• Prior +4.3%
  • HICP +5.7% vs +5.7% y/y prelim
  • Prior +5.1%

Despite the higher estimates on the headline figures in August, core inflation is seen easing to 4.6% (down from 5.0% in July). That said, overall prices are still sitting well above the 2% target set by the ECB. There is still some ways to go.