Eurostat figures show consumer prices for June were up by an annual rate of 1.3 percent.
The slowdown in eurozone inflation was confirmed in June, consumer prices rising year-on-year by 1.3 percent according to figures published by Eurostat.
ADVERTISEMENTIn May figures in the single currency’s 19 countries showed an increase of 1.4 percent.
But the core measure excluding unprocessed food and energy rose from 1.0 to 1.2 percent.
It means inflation is falling behind the European Central Bank’s target – it believes a figure just under two percent would show the economy to be in good health.
The ECB meets on Thursday. There are some expectations of policy tweaks but not of major changes. A tightening of its asset-purchase programme isn’t anticipated until the autumn.
Euro area annual inflation confirmed at 1.3% in June (May 1.4%) #Eurostathttps://t.co/8SszPc9vS9pic.twitter.com/0T7NEMsgGH
— EU_Eurostat (@EU_Eurostat) July 17, 2017
Euro zone June inflation slowdown confirmed, but core rate rises https://t.co/xbdJ4AFfga via
Reuters</a> <a href="https://t.co/VwOtmjwn8x">pic.twitter.com/VwOtmjwn8x</a></p>— Dan Popescu (PopescuCo) July 17, 2017