Free Trial

Eurozone June final HICP matches flash, core y/y 0.1pp higher

EUROZONE DATA
  • Final Eurozone HICP came in at 5.5% y/y and 0.3% m/m in June, matching flash estimates, while final core inflation was 5.5% y/y and 0.4% m/m, higher than the respective flash estimates of 5.4% and 0.3%
  • These numbers do not alter expectations that the ECB will again hike its three key rates by 25bp at its monetary policy meeting on July 27, although the blip higher in core does again give some underpinning to the more hawkish voices
  • The higher core reading in June was largely a reflection of base effects against last year's cheap travel tickets in Germany.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.