On January 3, 2025, a Carrefour supermarket in Perpinian, in the Pyrenees-Oriental, southern France.
JC Milhet | AFP | Getty Images
Eurozone inflation rose slightly to 2% in June, meaning consumer prices for single currency area are now in line with the ECB’s 2% target, according to Flash data from the European Statistics Bureau.
Reuters’ vote for economists predicts that the income from studying will reach 2% in the twelve months to June. Eurozone inflation has dropped May’s forecast exceeds 1.9%.
The core inflation rate excluding energy, food, tobacco and alcohol prices remained unchanged at 2.3% in June.
Closely watched services inflation printing was as high as 3.3% after cooling to 3.2% in May, down from 4% in April.
Personal inflation prints released by major euro zone economies last week Shows that Germany’s unified inflation rate has easedFrance and Spain gained little, but Italy did not change in June, suggesting that the eurozone reading range is larger and could lower the 2% level of the ECB target.
This has risen further Expect the central bank to choose to leave its key interest rate, interest rates for deposit facilities, which will not change to 2% next time it meets in late JulyBefore the last 25 basic points are made in September.
this EUR Pick it up after the data is released. The last trading price was 0.3% higher against the US dollar.
Philip Lane, chief economist at the ECB, told CNBC on Tuesday The latest monetary policy intervention is to “complete inflation.”
“We do think the last cycle is done, bringing inflation down from the peak of 10(%), back to 2%, that element is over, but on a forward-looking basis we do need to stand ready to make sure that any deviation we see does not become embedded, does not change the medium-term picture,” Lane said in an interview with CNBC’s Annette Weisbach at the ECB’s annual forum in Sintra, Portugal.
Ryan said the ECB needs to remain data dependent but will not react to any isolated “fragments” of inflation.
On May 9, 2025, in the Grossmarkthalle building at the headquarters of the European Central Bank, the expected lighting marks the 75th anniversary of the Schuman Declaration.
Alex Kraus/Bloomberg by Getty Images
Analysts warn that external factors may still undermine the disinfection trajectory, but recent fluctuations in oil prices in the late Middle East conflict and potential U.S. trade tariffs are considered concerns as services inflation continues to rise.
But if the economic shock fails to come true in the next few months and the elimination trend continues, economists believe that the central bank will maintain a steady pace at its next meeting in July, but there is an option to cut prices in September.
– CNBC’s Jenni Reid provides coverage for the story.
