by Niels Saelens
published on Wednesday, July 19, 2023 at 5:34 PM •
3 min read
The final inflation report from the European statistics agency Eurostat shows that core inflation – excluding energy, tobacco, alcohol and food prices – in the eurozone was 5.5 percent. That is 0.1 percentage point more than with the preliminary measurements.
Why is this important?
The board members of the European Central Bank (ECB) pay close attention to core inflation when discussing interest rate policy. To date, it is more than twice the monetary institution’s target of 2 percent.
In the news: Eurozone core inflation was 5.5 percent in June. In the preliminary inflation report, Eurostat assumed a core inflation of 5.4 percent.
That difference of 0.1 percentage point does not seem much, but it does indicate that core inflation is gaining momentum more than expected. In May it was 5.3 percent. Overall inflation for June remains in the final report unchanged at 5.5 percent. Unlike core inflation, it continues to weaken. On
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2023-07-19 15:34:51
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