Euro Zone Inflation Slows to 3% in June as Energy Costs Ease
Updated
Updated · Bloomberg · Jun 26
Euro Zone Inflation Slows to 3% in June as Energy Costs Ease
3 articles · Updated · Bloomberg · Jun 26
Summary
3% inflation in June would mark the euro zone’s first price relief since the Iran war, down from 3.2% in May, according to analyst estimates ahead of next week’s data.
Subsiding energy costs are expected to drive the slowdown after war-linked price pressure had kept inflation elevated across the bloc.
Four major economies underpin that easing trend, with lower readings anticipated in Germany, France and Spain, while Italy is the exception.
The figures would signal that the war’s inflation shock is starting to fade, though price growth would still remain well above the ECB’s 2% target.