DBS Bank: Eurozone inflation expected to decline in June

On June 24, Jinshi Data reported that economists at Yu Xin Bank wrote in a report that the June euro area inflation to be announced next Tuesday may ease, bringing the inflation rate closer to the European Central Bank’s target of 2%. According to the bank’s estimates, the annual CPI growth rate in the euro area in June will rise by 2.5%, and the core CPI annual rate will remain at 2.9%. This trend will continue in the next few months, as wage growth slows and businesses digest higher costs. Next year, the euro area’s inflation rate will fall below 2%.

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