Italy May preliminary CPI (HICP) +1.9% vs +1.9% y/y expected

• Prior +2.0%
• CPI (HICP) M/M +0.1% vs +0.0% expected
• Prior +0.4%

The data is in line with expectations and won’t change the ECB plans for the time being.

This article was written by Giuseppe Dellamotta at www.forexlive.com.