Headline inflation close to 2%. Core services inflation easing a bit. Outlook for inflation to remain within sight of 2%. In other words, the ECB can continue its victory laps! Headline inflation was slightly higher at 2.1% y/y in August - in line with consensus and in line with market pricing. Several countries had already published their flash estimates last week leaving only the details for today’s publication. Core inflation remained unchanged at 2.3% y/y in August and core services inflation even eased slightly to 3.1% y/y from 3.2% y/y. Energy prices are still below levels from a year earlier, while food prices ... (full story)