Eurozone June Inflation Rate Confirmed At 6-Month Low


Consumer prices in the Euro Area increased by 1.3 percent year-on-year in June 2017, matching the flash estimate and easing from a 1.4 percent rise in May. It was the lowest inflation rate since December last year, as cost of energy and unprocessed food rose at a slower pace, final figures showed.

Year-on-year energy prices rose by 1.9 percent after increasing by 4.5 percent in May, and cost of unprocessed food went up by 1 percent, easing from a 1.6 percent gain in the previous month. Meanwhile, prices rose further for: Services (1.6 percent from 1.3 percent in May); processed food, alcohol and tobacco (1.6 percent from 1.5 percent); and non-energy industrial goods (0.4 percent from 0.3 percent).

Among major Member States, the lowest annual rates were registered in Ireland (-0.6 percent), France (0.8 percent) and Greece (0.9 percent); while the highest were recorded in Spain (1.6 percent) and Germany (1.5 percent).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, rose to 1.1 percent from 0.9 percent in May.

On a monthly basis, consumer prices were unchanged, in line with market consensus and following a 0.1 percent drop in May.

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/17/2017 9:17:48 AM