The euro zone inflation rate slowed to 2.8% in June, down from 3.2% in May, according to recent data. This decrease in inflation is expected to reduce pressure on the European Central Bank to raise interest rates again this month.
Inflation Details
Food, energy, and services inflation all slowed, contributing to the overall decrease in inflation. The underlying prices, which exclude volatile food and fuel prices, slowed to 2.4% from 2.6%.
Despite the decline in inflation, energy prices remain above pre-war levels, and the Middle East conflict could still impact price expectations. The European Central Bank will decide on policy on July 23.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
