Eurozone consumer price inflation was confirmed at 2% year-on-year in June 2025, up from May’s eight-month low of 1.9% and in line with the European Central Bank’s official target. Services inflation accelerated to 3.3%, up from May’s three-year low of 3.2%, while the decline in energy prices softened to 2.6% from 3.6%. In contrast, inflation eased for non-energy industrial goods (0.5% vs 0.6%) and for food, alcohol, and tobacco (3.1% vs 3.2%). Meanwhile, core inflation which excludes prices for energy, food, alcohol & tobacco steadied at 2.3%, the lowest since January 2022.