- Prior 0.7%
- Core 0.7% vs 0.8% exp y/y. Prior 1.0%
The immediate reaction in the euro was to sell off but it hit that band of support at 1.3585 and was mopped up instantly and we’re back to 1.3605. The better than expected unemployment numbers will have helped too.
Energy inflation rose from -1.2% in April to 0.0% in May. Food, booze and fags was the biggest faller 0.1% vs 0.7% prior and there was a drop in services inflation 1.1% from 1.6% prior.
The numbers re-affirm that prices outside of the big components of food and energy are still falling.
Eurozone HICP flash 03 06 2014
