Euro Area Inflation Rate Rises For Second Month


Consumer prices in the Eurozone rose 0.2 percent year-on-year in June of 2015, easing from a 0.3 percent increase in May but in line with flash estimates. While lower prices of fuel, heating oil and gas contributed the most to the slowdown, biggest positive impact came from restaurants and cafes and tobacco.

The largest upward pressure came from restaurants & cafés (+0.09 percentage points), tobacco and rents (+0.07 pp each), Fuels for transport (-0.38 pp), heating oil (-0.17 pp) and gas (-0.07 pp) contributed the most to easing. 

Core inflation rate which excludes prices of energy, food, alcohol and tobacco slowed to 0.8 percent from 0.9 percent in May. Excluding energy, consumer prices rose 0.9 percent, less than 1 percent in the previous month.

On a monthly basis, consumer prices were flat, after rising 0.2 percent in May and in line with market expectations.

In the European Union, annual inflation was 0.1 percent in June, down from 0.3 percent in May. Negative annual rates were observed in eight Member States: the lowest were registered in Cyprus (-2.1 percent), Greece (-1.1 percent), Romania and Slovenia (both -0.9 percent). The highest annual rates were recorded in Malta (1.1 percent), Austria (1.0 percent), Belgium and the Czech Republic (both 0.9 percent. In the biggest EU economies: France, Germany and the UK, inflation rates were 0.3 percent, 0.1 percent and 0, respectively. On a monthly basis, the consumer price index in the EU was flat. 

Euro Area Inflation Rate Rises For Second Month


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
7/16/2015 11:30:36 AM