Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in the eurozone slowed to 2.5% in June, as expected


July, 02 2024
watermark Economic news

In June, consumer prices in the eurozone increased by 2.5% year-on-year, as indicated in the preliminary report of the statistical office of the European Union. 


This indicator indicates a slowdown in inflation compared to May, when annual growth was 2.6%. Analysts also predicted a decrease in the inflation rate to 2.5%.


Prices for services increased by 4.1% in June, and for industrial products — by 0.7%. These figures remained at the level of May. At the same time, the growth in prices for food, alcohol and tobacco products slowed to 2.5% from 2.6% in May, and for energy carriers — to 0.2% from 0.3%.


The consumer price index excluding the cost of food and energy (core inflation, CPI Core) remained at 2.9% in June, which is higher than the expectations of experts who predicted a decrease in core inflation to 2.8%.


The monthly increase in consumer prices in the eurozone was 0.2%, similar to the indicator in May.


Among the eurozone countries, the highest inflation in annual terms was recorded in Belgium — 5.5%, while the lowest price increase was observed in Finland — 0.6%. In Germany and France, inflation was 2.5%, in Italy — 0.9%, and in Spain — 3.5%.


The final inflation data for June will be published on July 17.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.