Eurozone Inflation Drops As Energy Prices Fall ...Middle East

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Eurozone Inflation Drops As Energy Prices Fall
source : OILPRICE ( Middle East ) () 43
Annual inflation in the euro area is expected to be 5.5% in June 2023, down from 6.1% in May, as energy prices tumbled by 5.6% from a year earlier, a flash estimate from Eurostat, the statistical office of the European Union, showed on Friday. Energy is the only main component to see an annual drop in prices, per Eurostat’s estimates.   Despite the expected lower inflation in June compared to May, core inflation – excluding energy and food – is estimated at an annual 6.8% in June, only marginally down from 6.9% in May. The…

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