Eurozone inflation slows to 0.2% in June

Eurozone inflation is expected to edge down in June but should avoid falling into negative territory, according to a flash esitmates from Eurostat.

The statistical office of the European Union anticipates that annual inflation across the currency bloc will be 0.2 per cent in June, down from 0.3 per cent in May.

Last month marked the first month of rising inflation data after five consecutive months of flat or falling prices.

Food, alcohol and tobacco are expected to have the highest annual rate in June at 1.2 per cent, which is stable compared with May and followed by services at 1.0 per cent, which was down from 1.3 per cent.

The 19 nations’ unemployment rate stayed at 11.1 per cent in May, the same level as in April, the Eurostat also shows.

Germany had the lowest jobless rate in Europe at 4.7 per cent, while Greece saw the highest unemployment rate at 25.6 per cent.