Eurozone Experiences a Rebound in Core Inflation, Driven by Service Sector Price Growth
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Core inflation in the Eurozone rebounded in June, with consumer price growth excluding fuel and food reaching 5.4% – slightly below the economists’ average estimate. Meanwhile, Germany saw a significant acceleration in consumer price growth to 6.8%, largely due to discounted public transport tickets offered by the government last year. This increase in inflation in the service sector has fueled its overall acceleration across the Eurozone, with price growth in this category reaching 5.4% in June, up from 5% in the previous month. [/s2If]
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