Eurozone inflation eased further in June, falling to 2.8% from 3.2% in May, according to preliminary Eurostat data. The reading came in below market expectations of 3.0% and marked the lowest level since March.<\/p>\n
In Bulgaria, annual harmonized inflation also declined, dropping to 5.3% from 6.3% in the previous month. Despite the slowdown, the country recorded the second-highest inflation rate in the euro area, behind Lithuania, where inflation rose to 5.5%. At the other end of the scale, Malta posted 1.9%, while Estonia and France recorded 2% each, and Germany stood at 2.4%. Croatia (4.2%) and Cyprus (4.0%) also remained above the eurozone average.<\/p>\n
On a monthly basis, inflation in the euro area decreased by 0.1%, while Bulgaria registered a more pronounced monthly decline of 0.4%.<\/p>\n
Eurostat data show that the moderation in eurozone inflation was mainly driven by slower price growth across key categories. Energy prices rose by 8.7% in June compared to 10.8% in May, services inflation eased to 3.2% from 5.5%, and food, alcohol and tobacco increased by 1.6% compared to 1.9% a month earlier.<\/p>\n
Core inflation, which excludes food and energy, also continued to ease, slowing to 2.4% from 2.6% in May.<\/p>\n
The figures suggest the European Central Bank is unlikely to rush into further interest rate changes ahead of the summer period. The latest data did not deliver a negative surprise on inflation, giving policymakers additional room to wait before deciding on their next move.<\/p>\n","protected":false},"excerpt":{"rendered":"Eurozone inflation eased further in June, falling to 2.8% from 3.2% in May, according to preliminary Eurostat data.…\n","protected":false},"author":2,"featured_media":671318,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-671317","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/671317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=671317"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/671317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/671318"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=671317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=671317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=671317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}