<ul><li>Prior +10.6%</li><li>Core CPI +5.0% vs +5.0% y/y expected</li><li>Prior +5.0%</li></ul><p style=““ class=“text-align-justify“>The headline reading may be softer than expected but notice that the core reading remains unchanged from October, holding at a record high. As mentioned <a target=“_blank“ href=“https://www.forexlive.com/news/heres-a-slight-splotch-to-the-softer-spanish-inflation-report-20221129/“ target=“_blank“ rel=“follow“>here</a> yesterday, the softer price pressures are largely to do with a drop in energy costs but we are seeing higher prices be embedded in other areas of the economy and that is reflected by the core reading.</p>

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