Eurozone Preliminary CPI beats estimates with 0.3% YoY in June, EUR/USD uninpsired

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +0.3% in June, meeting expectations of +0.1% and +0.1% previous.

Meanwhile, the core figures steadied at +0.8% in the reported month when compared to +0.8% expectations and +0.9% previous.

The Eurozone inflation report comes a day after the German Prelim CPI data was released, which showed that the German consumer price inflation accelerated by 0.8% in June and moved a tad closer to the European Central Bank’s (ECB) rate target of just under 2% for the Eurozone as a whole.

more to come ...