Eurozone final CPI arrives at 2 percent y/y in June, confirms flash estimate

According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 2% on a yearly basis, matching the flash estimate. While the core figures ticked lower to 0.9% versus the first readout of 1%.

On a monthly basis, the bloc’s CPI figure for June eased to 0.1% versus 0.5% previous while the core CPI numbers arrived at 0.0% versus 0.1% expected and 0.3% last.

Key Details (via Eurostat):

“The lowest annual rates were registered in Ireland (0.7%), Greece (1.0%) and Denmark (1.1%). The highest annual rates were recorded in Romania (4.7%), Estonia (3.9%) and Hungary (3.2%). Compared with May 2018, annual inflation fell in three Member States, remained stable in two and rose in twenty-two.

In June 2018, the highest contribution to the annual euro-area inflation rate came from energy (+0.76 percentage points, pp), followed by services (+0.57 pp), food, alcohol & tobacco (+0.53 pp) and non-energy industrial goods (+0.10 pp).”