Euro-Area Inflation Slows as Draghi Urges Prudence in Exit
- Consumer prices rose annual 1.3% in June after 1.4% in May
- Draghi faces balancing act as policy makers mull normalization
A customer pushes a shopping cart inside a Metro AG wholesale store in Duesseldorf.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Euro-area inflation slowed in June even as underlying price pressures picked up, backing the European Central Bank’s call for a prudent approach toward policy normalization.
Consumer prices rose an annual 1.3 percent in June -- more than economists predicted -- after increasing 1.4 percent the previous month, according to a flash reading by Eurostat on Friday. The core rate, which strips out volatile components such as energy and food, increased to 1.1 percent from 0.9 percent in May, also exceeding estimates.