Spain July final CPI +2.8% vs +2.8% y/y prelim

• Prior +3.4%
• HICP +2.9% vs +2.9% y/y prelim
• Prior +3.6%

The good news is that core annual inflation is seen easing further to 2.8%, down from 3.0% in June. But it is still taking a while to recede towards the 2% mark, so there's that.