Eurozone Inflation Sees Uptick
TL;DR Summary
Inflation in the eurozone rose to 2.6% in May, slightly higher than expected, driven by increased costs in services and food. Core inflation also saw a rise to 2.9%. Despite this uptick, the European Central Bank is expected to cut interest rates next week, becoming the first major central bank to do so amid cooling inflation and patchy economic growth.
Inflation Ticks Up in the Eurozone The New York Times
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