EUROZONE FINAL INFLATION CONFIRMED AT 0.8% MOM IN JUNE

• Eurozone inflation arrives at 8.6% YoY in June, meets estimates.
• Monthly HICP in the bloc stands at 0.8% in June.
• EUR/USD preserves gains above 1.0200 on the expected Eurozone data.

Eurozone’s Inflation surged 8.6% in June, on an annualized basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month.

The reading matched expectations of 8.6% while against the 8.6% previous. Core figures rose by 3.7%, meeting the 3.7% market estimates and 3.7% last.

The bloc’s HICP rose by 0.8% versus 0.8% expected and 0.8% first readout while the core HICP numbers came in at 0.2% versus 0.2% expected and 0.2% seen previously.