Cryptocurrency
Reacceleration in core inflation for Europe – Crypto News
Quick Take
The latest data on European economic indicators were released this morning, June 30, corroborating a pattern that CryptoSlate has been discussed over the past year.
Inflation Trends
There are mixed signals from the inflation front. While headline inflation has continued its downward trend, core inflation surprisingly reaccelerated.
- The Core Inflation rate on a year-over-year basis was reported at 5.4%, slightly above the previous month’s of 5.3%.
- On the contrary, the CPI headline inflation year-over-year was recorded at 5.5%, a bit lower than the forecasted figure of 5.6%.
Employment Status
The European labor market seems to remain robust, with the unemployment rate staying steady at 6.5%. This is an impressive figure, matching the 25-year lows.
The post Reacceleration in core inflation for Europe appeared first on CryptoSlate,
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