Cooling fuel prices following the US-Iran deal on ending the war were mostly to thank for the headline figure dropping back
Eurozone inflation slowed in June after spiking as the Iran war sent energy prices sky-high, new data showed Wednesday, boosting chances the European Central Bank will keep interest rates on hold.
Consumer prices in the 21-nation single currency area rose 2.8% compared with the same month a year earlier, down from 3.2% in May, said EU statistics agency Eurostat.
Cooling fuel prices following the US-Iran deal on ending the war were mostly to thank for the headline figure dropping back down towards the ECB’s inflation target of 2%.
Energy prices rose 8.7% across the single-currency area in June, down from 10.8% in May.
