- Prior +7.6%
- HICP +9.8% vs +8.1% y/y expected
- Prior +7.6%
That's some jump alright. The Russia-Ukraine war has no doubt exacerbated underlying conditions, with the headline reading being the fastest pace since May 1985. Core inflation rises up to 3.4% - its highest since 2008. Of note, electricity, fuel and food and beverage prices led the inflation acceleration on the month. Kapow. 💥
