Italy August preliminary CPI +1.6% vs +1.7% y/y expected

• Prior +1.7%
• HICP +1.7% vs +1.8% y/y expected
• Prior +1.7%

Slight delay in the release by the source. Core annual inflation is seen accelerating a little to 2.1%, up from 2.0% in July. So, that will just play into the narrative of the ECB wanting to keep in pause mode for now.