Eurozone CPI drops to 0.2% in June

FXStreet (Mumbai) - Eurozone CPI in June fell to 0.2% in June year-on-year, from 0.3% in May. The actual print was in line with the consensus estimate.

As per the Eurostat report, the largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.09 percentage points), tobacco and rents (+0.07 pp each), while fuels for transport (-0.38 pp), heating oil (-0.17 pp) and gas (-0.07 pp) had the biggest downward impacts.

The core inflation in June dropped to 0.8% year-on-year from 0.9% in May.