Headline euro area CPI dips in June

Alexander Bueso WebFG News | 17 Jul, 2017 10:40 | | |

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Inflation in the euro area dipped in June amid widespread price declines outside of services.

Headline consumer price gains in the Eurozone slipped from a 1.4% year-on-year clip in May to 1.3% for June, Eurostat confirmed.

That was in-line with economists' forecasts.

In comparison to the previous month, CPI was unchanged.

Unprocessed food prices fell by 0.8% versus May, alongside a 0.9% decline in the cost of energy and a 0.4% fall in the prices of non-nergy industrial goods.

Services prices on the other hand rose by 0.6%.

'Core' consumer prices, which exclude those for energy, food, alcohol and tobacco, increased by 0.2% on the month and were 1.1% higher on the year (consensus: 1.1%) after 0.9% rise in the month before.

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