Eurozone June Inflation Rate Revised Up to 1.3%


The annual inflation rate in the Euro Area rose to 1.3 percent in June 2019, slightly above a preliminary and market expectations of 1.2 percent. Cost advanced at a faster pace for food, alcohol & tobacco and services.

Prices increased further for food, alcohol & tobacco (1.6 percent from 1.5 percent in May), of which unprocessed food (0.7 percent from 0.4 percent) and processed food, alcohol & tobacco (1.9 percent, the same as in May); and services (1.6 percent from 1.0 percent). In contrast, cost eased for energy (1.7 percent from 3.8 percent); while inflation was steady for non-energy industrial goods (at 0.3 percent, the same as in May).

Among Eurozone's largest economies, the highest annual rate was recorded in Germany (1.5 percent), followed by France (1.4 percent), Spain (0.6 percent) and Italy (0.8 percent).

The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was confirmed at 1.1 percent, up from 0.8 percent in the prior month and in line with market consensus.

On a monthly basis, consumer prices went up 0.2 percent, after a 0.1 percent increase in May, above a preliminary and market forecasts of 0.1 percent, boosted by services (0.8 percent).

Eurozone June Inflation Rate Revised Up to 1.3%


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/17/2019 9:15:50 AM