Eurozone inflation fell to 5.5 percent in June

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Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the beginning of last year, but a modest pick-up in core consumer price growth, excluding energy and food, limited any relief for policymakers. Decreased.

EU Statistical Office It said annual inflation in the single currency area was down from 6.1 percent in May. It was also below the 5.6 percent forecast by economists polled by Reuters.

But core inflation was 5.4 per cent in June, up from 5.3 per cent in May. It was a blow to the European Central Bank, which has said it will keep raising rates until underlying price pressures clearly ease towards its 2 percent target.

This is a developing story.