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Eurozone inflation falls more than expected to 2.8% in June

Price growth remains above central bank’s target for fourth month

Eurozone inflation fell more than expected to 2.8 per cent in June, in a boost for the European Central Bank as it attempts to bear down on price pressures unleashed by the Iran war.

Wednesday’s estimate from Eurostat was below the 3 per cent forecast by economists in a Reuters poll and May’s 3.2 per cent figure.

The ECB last month raised interest rates by a quarter point to 2.25 per cent, its first increase in borrowing costs since 2023, in a bid to contain inflationary pressures.

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