- Prior +4.1%
- HICP +2.9% vs +3.4% y/y expected
- Prior +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.
