- Prior +0.3%
- HICP +1.1% vs +1.1% y/y prelim
- Prior +0.4%
The HICP is the more important measure as that’s what the ECB targets. The final figure matches the preliminary estimate, so there’s nothing to see here.
The data hasn’t been much of importance for the market anyway as the focus remains on the US-Iran war and the disruption in the Strait of Hormuz which is keeping oil prices elevated.
This article was written by Giuseppe Dellamotta at investinglive.com.