• Prior +2.8%
  • HICP +2.4% vs +2.4% y/y prelim
  • Prior +2.9%

Core annual inflation is seen easing slightly again to 2.7% at least. That is down from 2.8% in July but still not quite there yet in terms of solidifying a base closer towards the 2% mark. It's a slow grind and not just for Spain but most of the other countries in the euro area as well.