Core CPI in March-May rose at a 3.8% annual rate.

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In the euro area both CPI and Core CPI on a year-over-year basis were in line with expectations at 1.4% and 0.9% growth, respectively.

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For the past year, overall CPI rose 1.5%, the slowest year-over-year growth since July, with core CPI up 1.9%.

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In November, the consumer price index fell unexpectedly by 0.2%, while the core CPI, which excludes volatile food and energy prices, fell 0.1%--indicating that inflation levels are at a 38-year low.

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