Euro zone inflation eases to 2.5% as core print misses estimate
What was the headline inflation rate in the euro area in June?
The headline inflation rate in the euro area in June was 2.5%, according to Eurostat, the European Union's statistics agency. This figure was in line with analyst expectations and slightly down from the 2.6% recorded in May.
What did core inflation rate register at in June?
In June, the core inflation rate in the Euro area remained steady at 2.9% from the prior month, missing the forecasted 2.8%. Core inflation excludes the volatile effects of energy, food, alcohol, and tobacco. This data is crucial for the European Central Bank's decisions regarding interest rates.
How did June's headline inflation compare to May's?
In June, headline inflation in the euro area dipped to 2.5%, compared to 2.6% in May. This decrease was in line with analyst expectations and is attributed to the volatility in the consumer price index due to the unwinding of energy market base effects.