EZ June inflation confirmed at 2.5%

17th Jul 2024 10:16

(Sharecast News) - Inflation in the eurozone fell to 2.5% in June from 2.6% in May, in line with the flash estimate published on July 2, according to official data published on Wednesday.

The figure compares with a rate of 5.5% a year ago.

Across the entire European Union annual inflation was 2.6% in June 2024, down from 2.7% in May. A year earlier, the rate was 6.4%.

Services inflation, which is posing problems for policymakers and their interest rate policies, posted the biggest increase of 4.1 percent, unchanged from May.

This was followed by food, alcohol and tobacco, which advanced by a revised 2.4% and down from the 2.6% recorded in the prior month. Energy price growth slowed to 0.2% from 0.3%.

Reporting by Frank Prenesti for Sharecast.com