• Prior 0.5%
  • Core 0.8% vs 0.7% exp y/y. Prior 0.7%

Unchanged first estimate but a tick up in the core may keep euro bears from hitting the sell button.

EUR/USD not doing a lot at 1.3655, and as I expected it would have taken a bigger move either way to see some decent movement in the currency.

Energy prices only rose 0.1% from 0.0% in May so there wasn’t any shocks from this sector

Eurozone HICP flash 30 06 2014

Eurozone HICP flash y/y 30 06 2014