Inflation still low in June, 0.5% in the euro area

Stable in June at 0.5% the euro area annual inflation, according to flash estimates released today by Eurostat. The expected value is stable compared with May. According to the estimate of the European statistic institute, services is expected to have the highest annual rate in June at 1.3% (+0.2% compared with May).

Energy (0.1% in June compared with 0.0% in May), non-energy industrial goods (0.0% in the last two months) are stable, while the HICP for food, alcohol and tobacco plummeted (-0.2%, compared with 0.1% in May).