Latest data released by Eurostat - 29 June 2018
- Prior +1.9%
- Core CPI +1.0% vs +1.0% expected
- Prior +1.1%
In line with estimates/expectations. Nothing much else to talk about that I didn't already say from the previews and yesterday's German readings.
The slight down tick in core inflation won't be too much of a concern after the jump in May oversaw the skewed April readings. If anything, at least there's some stability in the readings now and the ECB will hope for that to translate into a move higher in the coming months.
