Spain October closing CPI +1.eight% vs +1.eight% y/y prelim

• Prior +1.5%
• HICP +1.eight% vs +1.eight% y/y prelim
• Prior +1.7%

Core annual inflation was seen at 2.5% on the month, up barely from 2.four% in September. That simply reaffirms a small bump within the works within the disinflation course of. However given current developments, the ECB will nonetheless really feel comfy in sticking with fee cuts for now.

This text was written by Justin Low at www.ubaidahsan.com.



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