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EU inflation slows down in June

BRUSSELS

Euro zone headline inflation slowed in June but the core figure excluding volatile unprocessed food and energy rose, the European Union’s statistics office said on Monday, confirming its earlier flash estimates.

Eurostat said consumer prices in the 19 countries sharing the euro rose 1.3 per cent year-on-year in June, in line with market expectations, decelerating form 1.4 per cent in May and 1.9 per cent in April.

But its core measure of price growth, which excludes unprocessed food and energy and is closely watched by the European Central Bank, rose to 1.2 per cent on the year from 1.0 per cent in May.

The figure was above market expectations of a 1.1 per cent rise, but matched Eurostat’s earlier flash estimate released at the end of June.

On a monthly basis, headline inflation was zero in June, while core inflation was 0.2 per cent, Eurostat said.

Agencies