Eurozone June Inflation Rate Steady at 1.2%


The annual inflation rate in the Euro Area stood at 1.2 percent in June 2019, unchanged from the previous month and in line with market expectations, a preliminary estimate showed. It remained the lowest inflation rate since April last year, due to a slowdown in cost of energy.

Prices should eased for energy (1.6 percent from 3.8 percent in May); and non-energy industrial goods (0.2 percent from 0.3 percent). On the other hand, cost of food, alcohol & tobacco is expected to advanced to 1.6 percent from 1.5 percent in May, driven by unprocessed food (0.8 percent from 0.4 percent) while processed food, alcohol & tobacco is projected to stand at 1.9 percent. Also, price of services is expected to accelerate (1.6 percent from 1 percent).

The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to increased to 1.1 percent in June from 0.8 percent in the prior month and above market consensus of 1 percent.

Eurozone June Inflation Rate Steady at 1.2%


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/28/2019 9:11:33 AM