Inflation slows in top eurozone economies as ECB ponders next move
Inflation slowed in the eurozone's three largest economies in June, data showed on June 30, boosting the likelihood of the European Central Bank keeping interest rates on hold at its next meeting.
The energy shock triggered by the U.S.-Israeli war against Iran stoked consumer prices in Europe but pressure is now easing after Washington and Tehran struck a preliminary agreement to end the conflict.
In Germany, annual inflation fell to 2.3 percent, down from 2.6 percent in May, according to provisional data from federal statistics agency Destatis.
In France consumer price rises slowed to 1.8 percent, down from 2.4 percent, statistics authority Insee said, as costs of petroleum products eased.
