Euro area CPI inflation slows in June
By Alexander Bueso
Date: Friday 30 Jun 2023
(Sharecast News) - Inflation pressures in the single currency bloc ebbed in June.
According to Eurostat, the headline rate of euro area consumer price increases slowed from the 6.1% year-on-year pace observed in May to 5.5% for June, as expected.
At the core level on the other hand, the annual CPI rate edged up from 5.3% to 5.4%, although economists too had correctly anticipated that.
In comparison to the month before, energy prices were the main drag, falling by 0.7% while prices for non-energy industrial goods dipped by 0.1%.
Services prices however increased by 0.6% and those for food, alcohol and tobacco by 0.4%.
Headline and core CPI both rose by 0.3% versus May.
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