Consumer prices provisionally rose 0.1 percent on the month in June, lifting the annual inflation rate from 2.0 percent to 2.1 percent.
The flash HICP followed suit, also posting a 0.1 percent monthly gain for a 2.4 percent yearly rate, similarly up a tick from its final May outturn.
The gentle acceleration in the annual CPI rate was essentially attributable energy, where inflation rose from 10.0 percent to 12.2 percent, and fresh food (5.9 percent after 5.0 percent). More significantly, the rate in services fell from 1.5 percent to 1.3 percent while deflation in manufactured products was flat at 0.2 percent.
Consequently, the signs are that core inflation was at most only stable this month, increasing the likelihood of a similar result for the full Eurozone report due later this morning.