Spain February preliminary CPI +3.0% vs +3.0% y/y expected

• Prior +2.9%
• HICP +2.9% vs +2.8% y/y expected
• Prior +2.9%

The good news here is that core annual inflation is seen easing to 2.1%, down from 2.4% in January. That will fit into the ECB rate cut narrative for next month.