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Analysts at TD Securities note that Eurozone’s final reading of HICP for July was revised down from 1.1% to 1.0% y/y.

Key Quotes

“The revision wasn’t quite as big when you dig into the details, from 1.059% to 1.021%. Headline inflation is still trending lower though than the ECB forecast in June, just adding to growing expectations for a very dovish ECB announcement in September.”