Eurozone Inflation June 2019

Eurozone

Eurozone: Inflation unchanged in June

June 28, 2019

According to a preliminary estimate released by Eurostat on 28 June, harmonized inflation was stable at May’s 1.2% in June. The result is below the European Central Bank’s target rate of near, but under, 2.0%. Lower price pressures for energy were balanced out by upticks in price growth for services and food, alcohol and tobacco.

Core inflation, which excludes volatile energy and unprocessed foods prices, edged up from 1.0% in May to 1.2% in June.

A complete set of data for harmonized inflation will be released 17 July.

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.4% in 2019. For 2020, panelists expect inflation to average 1.5%.


Author: Angela Bouzanis, Lead Economist

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Euro Area Inflation June 2019

Note: Year-on-year and month-on-month var. of harmonized consumer price index (HICP) in %.
Source: Eurostat


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