Prior +2.8%HICP +3.2% vs +3.3% y/y expectedPrior +2.9%
The readings here may suggest that price pressures are perhaps a tad more persistent than the ECB may anticipate. That being said, core annual inflation in Spain did track lower still to 3.3% – down from 3.5% in February.
This article was written by Justin Low at www.forexlive.com.