Spain March preliminary CPI +2.3% vs +2.4% y/y expected

• Prior +3.0%
• HICP +2.2% vs +2.6% y/y expected
• Prior +2.9%

Core annual inflation was marked down to 2.0%, down from 2.2% in February. So, that’s definitely a welcome development for the ECB. It may be slower than France and Italy, but the disinflation process in Spain is at least still progressing.

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