Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags.
Core inflation, which excludes volatile food and fuel costs and offers a clearer picture of longer-term price pressures, rose slightly to 5.4% from 5.3% the month before.
One obvious impact has been in housing, with prices starting to fall after a yearslong rally across Europe as homebuyers avoid asking for mortgages. Those who have to refinance their home loans also are facing the prospect of paying thousands more than they used to. The strength of core inflation in Friday's figures means the “ECB will keep hiking,” said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics.
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