Cooled to 1.1% in June, a 52-month low, but reacceleration ahead
Headline inflation eased to 1.1% YoY in June (May: 1.2%), the lowest in 52 months, and slightly below both house and market expectations of 1.2%
- Despite a 0.2% MoM increase in food and transport (combined weight: 41.1%), headline inflation continued to slow, mainly due to base effects and lower communication costs. Monthly CPI remained muted at 0.07% (May: 0.07%).
- Core inflation held at 1.8% YoY (May: 1.8%) but declined 0.07% MoM (May: 0.15%), as core transport prices fell.
Download Full Content:
