Economics
Euro-Area Inflation Edges Up With Economies Starting to Reopen
- Prices rose 0.3% in June from a year ago vs. 0.2% estimate
- Core inflation rate falls back to weakest in more than a year
Customers eat and drink on a cafe terrace as France reopens cafes, restaurants and public spaces, in Paris, on June 2.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
Prices in the euro area saw a slightly stronger-than-expected pickup in June, when economies across the bloc allowed more businesses to reopen.
Inflation in the 19-nation currency region came in at 0.3%, higher than economists’ median estimate. But with the rate much closer to zero than the European Central Bank’s goal of just under 2%, policy makers have warned of the effects the pandemic might have on demand -- even pointing to a risk of falling prices if support measures fall short.