As Europe swelters through one of the most brutal heatwaves on record, the latest inflation figures have offered a rare bit of cooler news.
Price growth across the eurozone slowed sharply in June, according to Eurostat's flash estimate, a welcome sign that the spike unleashed by the conflict in the Middle East may be running out of steam.
Annual inflation in the currency bloc dropped to 2.8%, down from 3.2% in May, the highest reading since September 2023.
It also came in below the 3.0% that economists had expected. Over the month itself, prices actually fell by 0.1%, the first monthly fall this year after a run of increases.
There was better news underneath the headline, too.












