Carrevour supermarket at Perpigenan in the Pyrenees-Orientales section in southern France on January 3, 2025.
JC Milhet | AFP | Gety pictures
Inflation in the euro area increased to 2 % a little in June, according to Flash data from the Eurostat Agency on Tuesday, which means that the prices of consumers in the individual currency area are now in line with the goal of the European Central Bank of 2 %.
The economists of Reuters expected the reading to come 2 % during the twelve months to June. Inflation in the euro area fell more than expected to 1.9 % in May.
The basic inflation, which excludes energy, food, tobacco and alcohol, did not change by 2.3 % in June.
The printing of hyperplasia was closely monitored up to 3.3 % in June, after cooling in May to 3.2 %, decreasing from 4 % reading in April.
The individual inflation publications that were issued last week by the eurozone economies showed a mitigation in the rate of inflation in Germany, a slight rise in France and Spain, but there was no change in Italy in June – which indicates that reading the wider eurozone is likely to go towards the level of 2 % targeted by the European Central Bank.
This has increased expectations that the central bank will choose to leave its main price, and the rate of facilitation of deposit, unchanged by 2 % when it meets in late July, before the final of the 25th Pasis final in September.
the euro It was picked up after the data was issued and the last time was traded about 0.3 % against the dollar.
The European Central Bank of the Central Bank of Philip Lin told CNBC on Tuesday that he believed that the last period of monetary political interventions that are undergoing inflation under test.
“We believe that the last session takes place, which reduces the peak 10 ( %), to 2 %, this element is over, but on the basis of aspiration, we need to stand ready to make sure that any deviation we see does not become guaranteed, does not change a medium -term image,” Lynn said in an interview with CNBC’s Annette Weisbach in ECB.
Lynn said that the European Central Bank needs to remain based on data, but will not respond to any “sparkle” isolated in inflation.
An expected lighting of the 75th anniversary of the Shoman Declaration, in the Grosarkalil Building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025.
Alex Kraus/Bloomberg via Getti Ims
Analysts have warned that external factors are still disturbing the path of inflation, however, with constantly high services, the recent fluctuations in oil prices against the background of conflict in the Middle East, and potential commercial societies in the United States, which have been martyred as concerns.
If economic trauma fails to achieve them in the next few months and the refining trend continues, economists believe that the central bank is on its way to maintaining their fixed prices in its next meeting in July, but it can choose to reduce prices in September.
– Jenny Reed of CNBC contributed to the reports to this story.
https://image.cnbcfm.com/api/v1/image/108082874-1736238454921-gettyimages-2191704344-HL_JCMILHET_2620623.jpeg?v=1736238505&w=1920&h=1080
2025-07-01 09:35:00