| Consensus | Consensus Range | Actual | Previous | |
| Month over Month | -0.2% | -0.3% to 0.1% | -0.3% | -0.2% |
| Year over Year | 1.8% | 1.8% to 2.0% | 1.8% | 1.8% |
| HICP - M/M | -0.3% | -0.3% | ||
| HICP - Y/Y | 2.0% | 2.0% |
Highlights
Consumer prices fell 0.3 percent in June, and rose 1.8 percent compared to June of last year, according to final results. The month-on-month decline is lower that the 0.2 percent drop in the initial estimate, while the 1.8 percent year-on-year rate matched both the preliminary result and the median of an Econoday survey of economists’ forecasts.
Core inflation fell 0.2 percent month-on-month in June and rose 1.0 percent in June.
Energy prices moderated during June, down 4.2 percent month-on-month, while still 11 percent above their levels from a year ago. Prices for manufactured goods were lower as well, down 0.4 percent month-on-month and falling 1.1 percent year-on-year.
Consumers overall paid 0.3 percent less for food in June than they did in May, while prices were 0.9 percent higher than a year ago.
Services prices trended higher in June, gaining 0.5 percent over May, with the biggest increase coming for communication services with a 0.7 percent increase. From a year ago, prices are up 1.9 percent for services overall and 7.7 percent for communication.
The Harmonized Index of Consumer Prices fell 0.3 percent month-on-month and rose 2.0 percent year-on-year, thereby confirming the preliminary results.
Market Consensus Before Announcement
The consensus sees no revision in the final June CPI at minus 0.2 percent on month and up 1.8 percent on year.