#Eurozone #inflation fell more than expected in June as energy prices fell further & food price inflation eased, but Core CPI ticks higher. CPI slows to 5.5% YoY in June from 6.1% in May, its lowest rate since the start of last year, below expectations of 5.6%. BUT Eurozone core inflation rose to 5.4% in Jun from 5.3% in May due to a base effect caused by the anniversary a discounted railway ticket and subsidized gasoline offered in Germany in the summer 2022, which propped up this year's reading.

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