Core eurozone inflation remains 'disappointing'

Eurozone inflation in remained entirely unchanged in Friday's second estimate in line with the market's expectations. Consumer price inflation increased to 1.9% year-over-year in May from 1.2% in April, in line with the initial estimate and consensus. The core rate rose to 1.1% from 0.7% in April, also in line with the consensus and first estimate. On a month-over-month basis, core CPI was up 0.3% from 0.2% the month before, also as earlier indicated. The ECB recently upped its core inflation ...

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