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Spain February preliminary CPI +3.0% vs +3.0% y/y expected
EUR
- Prior +2.9%
- HICP +2.9% vs +2.8% y/y expected
- Prior +2.9%
The good news here is that core annual inflation is seen easing to 2.1%, down from 2.4% in January. That will fit into the ECB rate cut narrative for next month.
Source: Forex Live
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