Spain December preliminary CPI +2.8% vs +2.6% y/y expected ...Middle East

Prior +2.4%HICP +2.8% vs +2.6% y/y expectedPrior +2.4%

The concern for the ECB is that core annual inflation here is seen ticking higher to 2.6%, up from 2.4% in November. Here's a look at the inflation trend in Spain:

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

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