Euro Area: Harmonized inflation falls in June
Harmonized inflation came in at 2.5% in June, down from May’s 2.6%. The result was primarily due to slower growth in prices for food, alcohol and tobacco. In addition, price pressures for both energy and non-energy industrial goods softened.
Accordingly, the trend pointed down mildly, with annual average harmonized inflation coming in at 3.2% in June (May: 3.4%). Meanwhile, core inflation fell to 2.8% in June from May’s 2.9%.
Lastly, harmonized consumer prices increased 0.21% from the previous month in June, matching May’s reading. June’s result marked the weakest reading since January.