Inflation Pressure: Euro Central Bank to Cut Rates in June Amidst Cooling Core Rate and Stagnant Services – What You Need to Know!
Frankfurt, Germany – Inflation in the Eurozone is showing signs of cooling, with the core rate dropping to 2.9% after excluding energy, food, alcohol, and tobacco. This decrease came in below expectations, providing some relief as concerns about rising prices persist. Despite this slight dip, services inflation, a crucial indicator for the European Central Bank, remained steady at 4% for the fifth consecutive month. This stagnant figure suggests continued pressure stemming from wage growth within …