US EditionEuro zone inflation edges higher, hitting ECB’s 2% target in June
EUROZONE, JUL 1 – Services inflation rose to 3.3% in June, driving overall inflation to 2%, while energy prices declined by 2.7%, according to Eurostat data.
- Eurozone inflation edged up to 2 percent in June, reaching the European Central Bank’s medium-term target amid sluggish economic growth.
- This increase occurred despite falling inflation in non-energy industrial goods and energy prices, influenced by US trade tensions and a stronger euro.
- Services inflation rose to 3.3 percent in June, sustaining domestic price pressures that raise concerns about inflation staying above 2 percent.
- Last month, ECB President Christine Lagarde indicated that the monetary policy cycle is nearing its conclusion, while market expectations for a rate cut in July remain low.
- The economic outlook remains uncertain due to trade dispute risks, weak growth, and potential sustained cost pressures from green transition and ageing populations.
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51 Articles
Inflation in the euro area is expected to have risen slightly to 2.0 percent in June—exactly in line with the European Central Bank's target. The highest inflation rates were recorded in Estonia, Slovakia, and Croatia.
·Hamburg, Germany
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In June 2025, Estonia ranked first among the eurozone countries in terms of inflation, based on preliminary data from Eurostat.
·Vilnius, Lithuania
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Coverage Details
Total News Sources51
Leaning Left9Leaning Right3Center9Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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