During June… inflation in the euro zone fell to 2.8%

Data issued by the European Statistical Office (Eurostat) today showed a decline in inflation in the single currency area. "euro" From 3.2% in May to 2.8% in June, again approaching the European Central Bank’s target of 2%.

Inflation Declined

Inflation in energy prices also decreased to 8.7% in June compared to 10.8% in the previous month, while inflation in food prices fell to 1.6%, and in the services sector to 3.2%.

The data showed that core inflation, which excludes volatile energy and food prices, It fell to 2.4% in June, after rising to 2.6% in May, while inflation in non-energy industrial goods stabilized at 0.9%.

The slowdown in inflation in the euro zone came a day after data showed a decline in the region’s three largest economies, which are France, Germany and Italy.