Investing.com - Consumer price inflation in the euro zone held steady in June, unchanged from a preliminary estimate, official data showed on Tuesday.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.6% in June, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Month-over-month, consumer price inflation rose 0.1% last month, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs held steady at a seasonally adjusted 1.2% in June, in line with expectations and unchanged from a preliminary estimate.
Following the release of that data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.03% to trade at 1.3058.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.5%, France’s CAC 40 dipped 0.5%, Germany's DAX declined 0.4%, while London’s FTSE 100 eased up 0.1%.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.6% in June, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Month-over-month, consumer price inflation rose 0.1% last month, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs held steady at a seasonally adjusted 1.2% in June, in line with expectations and unchanged from a preliminary estimate.
Following the release of that data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.03% to trade at 1.3058.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.5%, France’s CAC 40 dipped 0.5%, Germany's DAX declined 0.4%, while London’s FTSE 100 eased up 0.1%.