Europe: Inflation is down; European Central Bank is in no hurry to make more rate cuts
The figure released Tuesday was down from 2.6 per cent in May, welcome news as inflation continues to fall from its peak of 10.6 per cent that robbed consumers of spending power and mired the European economy in months of near-zero growth.
)
06:24 PM IST
Inflation in the 20-nation eurozone crept lower to 2.5 per cent in June, but remained stuck above the level favoured by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate.
The figure released Tuesday was down from 2.6 per cent in May, welcome news as inflation continues to fall from its peak of 10.6 per cent that robbed consumers of spending power and mired the European economy in months of near-zero growth.
But key indicators Tuesday remained at levels that suggest inflation may remain stuck between 2 per cent and 3 per cent for a while yet. Inflation in services prices ran at 4.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
Wholesale inflation rises to 2.38% in February as food items gets costlier 
Pleasant retail inflation keeps RBI rate cut possibility in April solid: Experts
