Consumer prices were unrevised in the final report for June. A 0.1 percent monthly increase in the CPI was small enough to trim annual inflation to 2.1 percent, a tick short of May's final print and its first decline since February.
The final HICP similarly matched its flash readings so monthly and yearly growth also remain at 0.1 percent and 2.1 percent respectively.
The deceleration in the yearly CPI rate came about despite faster growth of energy prices (6.4 percent after 5.1 percent) and clothing and footwear (0.8 percent after minus 0.2 percent). Package holidays (0.2 percent after 10.4 percent) had an important downward impact as did education (2.2 percent after 2.9 percent) and, to a lesser extent, household furnishings and equipment (0.9 percent after 1.0 percent). As a result, excluding food and energy, prices also rose 0.1 percent on the month which reduced the yearly core rate from 1.6 percent to 1.4 percent.
The final data leave a near-flat trend in underlying inflation, a development that suggests that getting core Eurozone inflation back to target will not be achieved any time soon.