Spain May CPI final mm -0.1% as expected

Spain May CPI final reading 13 June

  • -0.1% flash vs +1.0% April
  • yy 1.9% as exp/flash vs 2.6% prev
  • core CPI yy 1.0% vs 1.2% prev
  • HICP mm 0.0% as exp/flash vs 0.9% prev
  • yy 2.0% as exp/flash

Not a lot to glean but a softer core CPI number another indication of EZ inflation retreating.

EURUSD 1.1194 with EURGP falling vs EURJPY rising amid general yen selling as equities open firmer.

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