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Eurozone CPI data shows inflation slowing, which may reduce pressure on ECB to hike rates, weakening the euro.
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The final Eurozone consumer price index for June, released by the European Union statistics office on the 17th, rose 2.8% from a year earlier, unchanged from the flash estimate and slowing from May's 3.2%. The core index, which excludes energy, food, and other items, increased 2.4%, matching the flash reading. By component, services rose 3.2%, food, alcohol, and tobacco gained 1.5%, and energy climbed 8.5%, all decelerating from the previous month.
Eurozone CPI data shows inflation slowing, which may reduce pressure on ECB to hike rates, weakening the euro.