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(Reuters) For the first time in more than a year, consumer prices in the euro area have exceeded the ECB's wish list by almost 2%. The inflation rate climbed to 2.0% in the 19 countries of the monetary union in June, the Eurostat statistics bureau said Wednesday, confirming a preliminary estimate. In May, prices had increased only 1.9%. The European Central Bank (ECB) estimates that values of just under 2% are ideal for the medium-term economy. He has recently taken a step towards a more flexible monetary policy in the light of rising inflation and plans to end his billions of bond purchases later this year.
It has become more expensive for consumers here a year of 8%. Prices for food, alcohol and tobacco increased by 2.7% and therefore slightly more than the last. Services underperformed at 1.3%.
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