Reported about 1 year ago
Eurozone inflation decreased from 2.6% in May to 2.5% in June, with core inflation remaining at 2.9% and services inflation high at 4.1%. This slight slowdown, driven by declining energy prices, was in line with predictions and provides some relief for the European Central Bank, which recently cut interest rates. Analysts anticipate a pause at the next ECB meeting due to stable service inflation, amid concerns around potential rate cuts and rising wage growth. Jerome Powell and Christine Lagarde are set to speak at an ECB forum in Portugal, with French political uncertainty overshadowing the impact of the inflation data on the euro.
Source: YAHOO