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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.
EUROZONE DATA
MNI (London)
EZ JUN FINAL HICP +0.3% M/M, +1.9% Y/Y; MAY +2.0% Y/Y
EZ JUN FINAL CORE HICP +0.3% M/M; +0.9% Y/Y; MAY +1.0% Y/Y
- Headline EZ inflation slipped 0.1pp in Jun to 1.9%, confirming the flash estimate and coming in line with market expectations.
- The headline inflation rate dipped below the ECB's target after recording the first reading above it since October 2018.
- Core inflation ticked down to 0.9% in Jun, after rising to 1.0% in May.
- Energy inflation was again the main driver of inflation, adding 1.16pp to CPI growth, despite a small deceleration to 12.6% in Jun.
- Food, alcohol and tobacco prices remained at May's level of 0.5% in Jun, while non-energy industrial accelerated to 1.2%.
- Prices for services slowed to 0.7% in Jun, after rising to 1.1% in the previous month.
- Among the member states, Portugal (-0.6%), Malta (0.2%) and Greece (0.6%) saw the lowest inflation rates, while Estonia (3.7%), Lithuania (+3.5%) and Luxembourg (+3.4%) recorded the highest annual rates.
Source: Eurostat
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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.
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