Eurozone flash CPI rises to 2.0 percent in June, bang on expectations

Dhwani Mehta FXStreet

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 2.0% in June, matching expectations. Meanwhile, the core figures eased to 1.0% in the reported month, also coming in line with the expectations and 1.1% previous.

Inflation was last seen at 2 percent was in February 2017.

Key Details (via Eurostat):

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in June (8.0%, compared with 6.1% in May), followed by food, alcohol & tobacco (2.8%, compared with 2.5% in May), services (1.3%, compared with 1.6% in May) and non-energy industrial goods (0.4%, compared with 0.3% in May).

This Eurozone inflation report comes a day after the German Prelim CPI data was released, which showed that the German consumer price inflation rose in line with expectations in June, surpassing the European Central Bank’s (ECB) rate target of just under 2 percent for the Eurozone as a whole.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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