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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Eurozone inflation eases but ECB likely to keep interest rates on hold

a young male and female purchase food from a vegetable stall in a food market
A street market at Cap Ferret, France. Annual price growth for food, alcohol and tobacco across Europe slowed from 2.6% in May to 2.5%. Photograph: Ivoha/Alamy

Inflation across the eurozone slowed to 2.5% in June despite lingering pressure on households from price increases in the service sector, leaving the European Central Bank on track to keep interest rates on hold this month.

Annual inflation in consumer prices across the 20-country bloc eased from 2.6% in May, according to a flash estimate from the EU statistical agency Eurostat, matching financial market expectations.

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