Euro-Area Core Inflation Revised Lower as ECB Moves on With Exit
- Prices excluding volatile components rose annual 0.9% in June
- Policy makers plan to end net asset purchases this year
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The latest update on inflation bears a warning for the European Central Bank.
Prices excluding volatile components rose less than initially reported in June, the month policy makers announced that net asset purchases would end this year. The core rate fell to a two-month low of 0.9 percent, compared to an earlier estimate of 1 percent and a reading of 1.1 percent in May, according to a Eurostat report.