- Eurozone inflation stood at 8.6% year-on-year in June, meeting estimates.
- The bloc’s monthly IPCA rises 0.8% month-on-month in June.
- EUR/USD retains gains above 1.0200 after expected Eurozone data.
Eurozone inflation rose 8.6% year-on-year in Juneaccording to the final reading by Eurostat of the Harmonized Consumer Price Index (IPCA) report for the Eurozone for the month.
The reading matched expectations of 8.6%while the previous one was 8.6%. Core figures rose 3.7%, meeting market estimates of 3.7% and 3.7% before.
On a monthly basis, the bloc’s IPCA rose 0.8%, vs. 0.8% expected and 0.8% of the first reading, while core IPCA figures were 0.2% vs. 0.2% expected and the previous 0.2%.
Key details (via Eurostat):
The lowest annual rates were registered in Malta (6.1%), France (6.5%) and Finland (8.1%). The highest annual rates were registered in Estonia (22.0%), Lithuania (20.5%) and Latvia (19.2%).
Compared to May, annual inflation fell in two Member States and increased in twenty-five. In June, the largest contribution to the annual rate of inflation in the euro area came from energy (+4.19 percentage points, pp), followed by food, alcohol and tobacco (+1.88 pp), services (+ 1.42 pp) and non-energy industrial goods (+1.15 pp).
Source: Fx Street
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