The eurozone’s inflation rate will likely fall further until September, giving the European Central Bank the chance to cut interest rates then, Commerzbank economist Vincent Stamer says in a note.
Eurozone inflation figures released on Tuesday show that disinflation proceeded slowly in June and was driven by declines in food prices, with annual services price growth still running well above target.
Eurozone inflation cooled in June, official data showed Tuesday but experts say it will not be enough to convince the European Central Bank to accelerate its rate-cutting cycle despite sluggish
Despite falling headline inflation in the euro zone, stubbornly high services prices will cause headaches for the European Central Bank, Riccardo Marcelli Fabiani, senior economist at Oxford Economics,
The eurozone's annual rate of inflation cooled in June in line with analysts' expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.