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Consumer Prices: Pause in Upward Acceleration
June consumer prices evolve largely as anticipated, but with soft hints. The headline up an in-line 0.3% (Consensus and DE: +0.3%) while the core ex-food and energy figure rose a softer-than-expected 0.1% (Consensus and DE: +0.2%). The headline held at 2.1% y/y, and the core slowed to 1.9%, from 2.0%.