Eurozone May CPI mm -0.1% vs -0.1% expected
Eurozone May CPI data now out 16 June
– 0.4% prev
– YY final 1.4% as exp/prev
– core CPI yy 0.9% as exp/prev
– Q1 Labour costs 1.5% as prev revised down from 1.6%
Euro continues to feel some love this morning and relieved there’s no nasty downside surprise in this data given the ECB’s recent lower forecasts.