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16.07.2013 10:00

Eurozone inflation accelerates as estimated

Inflation in euro area accelerated to 1.6 percent in June from 1.4 percent in May, the Eurostat said Tuesday, confirming its flash estimate.

Month-on-month, the harmonized index of consumer prices increased 0.1 percent in June.

According to the statistical office, the largest upward impacts to annual inflation came from vegetables and fruits and electricity. Telecommunications, fuels for transport and medical and paramedical services had the biggest downward impacts.

The core inflation rate, that excludes energy, food, alcohol and tobacco, remained steady at 1.2 percent as expected. Month-on-month, the core measure remained flat.

Energy prices increased 1.6 percent in June from a year earlier, while prices of food, alcohol and tobacco rose 3.2 percent. Prices of non-energy industrial goods rose 0.7 percent and costs of services increased 1.4 percent.

Annual inflation rate for EU 27 was 1.7 percent in June, up from 1.6 percent in May. Monthly inflation rate in the region was 0.1 percent.

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