In June, consumer prices in France soared by 0.9 percent compared to the previous year, a slight rise from 0.7 percent in May, primarily due to higher service costs. Additional increases were noted in food prices, while energy costs showed a smaller decline. In Spain, inflation spiked to 2.2 percent, influenced largely by rising fuel and food prices. The European Central Bank (ECB) cut interest rates for the seventh consecutive month, as inflation in the eurozone stabilized near its target, creating speculation on potential pauses in future cuts during upcoming meetings.
Inflation rates in France rose to 0.9 percent in June from 0.7 percent in May, driven by increasing service costs, healthcare, and food prices.
The ECB has cut interest rates for the seventh consecutive time this month amid stabilizing inflation rates in the eurozone, which reached 1.9 percent in May.
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