Euro Area Annual Inflation Rate Confirmed at 0.1% in June

Consumer prices in the Eurozone edged up 0.1 percent year-on-year in June of 2016, following a 0.1 percent fall in the previous period and in line with preliminary estimates. It is the first rise in the CPI in five months, boosted by gains in cost of restaurants, cafes, tobacco and rents, final figures showed.

The largest upward pressure came from restaurants & cafés (prices went up 1.6 percent), rents (up 1 percent) and tobacco (up 2.7 percent) while fuels for transport (-8.4 percent), heating oil (-18.7 percent) and gas (-6.8 percent) had the biggest downward impacts.

The core index which excludes prices of energy, food, alcohol and tobacco increased 0.9 percent year-on-year, following a 0.8 percent gain in the previous month. Excluding energy, prices rose 0.9 percent.

Considering the European Union, consumer prices were flat on the year, following a 0.1 percent decline in May. The lowest rates were registered in Cyprus (-2 percent), Bulgaria (-1.9 percent) and Croatia (-1.2 percent) and the highest annual rates in Belgium (1.8 percent), Sweden (1.2 percent) and Malta (1 percent).

On a monthly basis, consumer prices increased 0.2 percent in the Eurozone, following a 0.4 percent rise in May and in the EU prices increased 0.1 percent (0.3 percent in May).

Euro Area Annual Inflation Rate Confirmed at 0.1% in June

Eurostat | Joana Taborda |
7/15/2016 10:18:55 AM