Eurozone Inflation at 2.8% in June; Core Eases to 2.4% – Commerzbank
Eurozone inflation fell to 2.8% in June, with core inflation dropping to 2.4%, according to Commerzbank. The bank warns that price pressures keep the ECB on alert, expecting overall inflation to remain near 3%.
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Eurozone headline inflation fell to 2.8% in June, driven mainly by lower energy prices, while core inflation eased to 2.4%, Commerzbank economist Dr. Ralph Solveen notes.
The bank stresses that price pressures remain elevated, keeping the European Central Bank on alert. Overall inflation is expected to stay close to 3% in the coming months, suggesting no immediate relaxation of policy.
This outlook implies the ECB will remain cautious on rate cuts, as underlying inflation persists above target.
Source: FXStreet Forex News