Eurozone: Annual headline inflation eases to 2.5% in June while core CPI remains at 2.9%

He Eurozone Consumer Price Index (CPI) The advanced annual reading for June has moderated by one tenth, according to Eurostat. The indicator stood at 2.5% compared to 2.6% in May, as expected. The monthly CPI remained at 0.2%.

On the other hand, the Core inflation has surprised the market by remaining at 2.9% annuallyas a reduction to 2.8% was expected. In the monthly reading, the flash CPI excluding food and energy rose 0.3% compared to the previous 0.4%.

The Eurozone also published its unemployment rate for May, which met expectations and remained at 6.4% for the second consecutive month.

Euro reaction

The Euro has not shown any significant change following the publication, trading at 1.0719 at the time of writing, losing 0.19% on the day.

Source: Fx Street

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