Headline euro area CPI dips in June
(ShareCast News) - 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.