Latest data released by Eurostat - 28 June 2019
- Prior +1.2%
- Core CPI +1.1% vs +1.0% y/y expected
- Prior +0.8%
As preempted by the Saxony report yesterday, core inflation ticks higher than expected but just about back towards levels seen in April from the Easter boost. The key in the coming months will be to see if this can hold up. The reading here slightly beats expectations but isn't anything outstanding for the moment so let's see how the inflation path progresses in the coming months before laying down judgment.
EUR/USD holds steady at 1.1388, slightly higher on the day on the back of a weaker dollar in the European morning session so far.
