Eurozone: Inflation remains stable in June
July 16, 2012
According to detailed figures for June, consumer prices fell 0.1% over the previous month, mirroring the figure recorded in May. Despite the drop, annual headline inflation was unchanged at May's 2.4%, which confirms the flash estimate released by EUROSTAT on 30 June. The core inflation index, which does not include prices for energy, picked up 0.1% over the previous month (May: 0.0% month-on-month). Annual core inflation was 1.8% in June, unchanged from May. At a country level, 10 out of 17 Eurozone economies posted annual inflation rates equal or above the regional average. Estonia and Malta recorded the highest annual inflation rate (both at 4.4%), followed by Slovakia (at 3.7%). At the other end of the spectrum, inflation was lowest in Greece (1.0%) and Spain (1.8%). Among the other major Eurozone economies, Germany (2.0%) and France (2.3%) recorded an inflation rate below the regional average in May, while inflation was above the regional average in Italy (3.6%).