Eurozone June inflation confirmed at 2.8%, lowest since February

Eurozone inflation was confirmed at 2.8% in June 2026, down from 3.2% in May and the weakest reading since February. The data showed broad-based disinflation: energy inflation cooled to 8.5% from 10.8%, while services, non-energy industrial goods, and food, alcohol and tobacco all moderated. The report supports the view that price pressures in the euro area are easing, which could reduce pressure on the European Central Bank to keep policy restrictive for longer. For EUR/USD, the release is mildly bearish for the euro if markets interpret softer inflation as increasing the odds of future ECB easing or slower rate hikes, though the impact may be limited by broader U.S. dollar dynamics.