- Prior +4.1%
- HICP +2.9% vs +2.9% y/y prelim
- Prior +3.8%
The final readings match up with initial estimates but the good news here is that core annual inflation is seen dropping from 6.6% in April to 6.1% in May at least. While still at a relatively high number, it perhaps points to a potential turning point in inflation developments. Here's the chart:
