Italy June preliminary CPI +1.7% vs +1.7% y/y expected

• Prior +1.6%
• HICP +1.7% vs +1.8% y/y expected
• Prior +1.7%

Slight delay in the release by the source. Headline annual inflation continues to hold just under 2% in Italy and this is one spot the ECB can take comfort with. That said, core annual inflation is estimated to accelerate back a little from 1.9% in May to 2.1% in June. Something to keep an eye out for at least.

This article was written by Justin Low at www.forexlive.com.