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Eurostat released consumer price index for the Eurozone today. Eurozone's consumer inflation rose 0.5% in June, in line with expectations, after a 0.5% gain in May. The consumer inflation remained below the European Central Bank's 2% target. Inflation in the Eurozone has been below 1% since October 2013.
On a monthly basis, consumer price index climbed 0.1% in June, after a 0.1% decline in May.
Consumer price index excluding food, energy, alcohol, and tobacco costs climbed 0.8% in June, in line with expectations, after a 0.8% rise in May.
Consumer prices decreased in Greece, Portugal and Slovakia in June. Only Germany, Slovenia, Finland, Luxembourg and Austria had inflation at or above 1% in June.
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