FX.co ★ Eurozone Inflation Confirmed at Four-Month Low in June

Eurozone annual inflation was confirmed at 2.8% in June 2026, down from 3.2% in May and at its lowest level since February, before the Iran war disrupted energy supplies and pushed oil prices higher. Although inflation continued to slow, it remained above the European Central Bank’s 2.0% target. Energy inflation decelerated sharply to 8.5% from 10.8%, and price growth also cooled for services, non-energy industrial goods, and food, alcohol, and tobacco. Core inflation, which excludes energy and food, eased to 2.4% from 2.6%. Among the bloc’s largest economies, inflation declined in Germany, France, Italy, and the Netherlands, while holding steady at 3.6% in Spain.