Inflation in the euro zone slowed in June to 5.5% year-on-year, from 6.1% the previous month, Eurostat confirmed on Wednesday, whose data also shows a moderation in underlying tensions. Compared to May, the consumer price index calculated according to European standards increased slightly by 0.3%.
Core inflation also falls slightly
Core inflation, which excludes the more volatile prices of energy and unprocessed food, stood at 6.8% annually in June, up from 6.9% the previous month. An even narrower measure of price changes that also excludes alcohol and tobacco products, on the other hand, accelerated slightly, to 5.5% compared to June 2022, up from +5.3% in May, it specifies. Eurostat.
These indices are still well above the 2% inflation target set by the European Central Bank (ECB).
>> More information to come on BFM Business in a few moments. You can also watch BFM Business live on video and follow us on Twitter.
Source: BFM TV
