ADVERTISEMENT

Eurozone inflation steady in June at 1.9%

Analysis

The eurozone inflation remained at 1.9% in June, unchanged for the fourth month, the European Union's statistics bureau Eurostat said.

The annual inflation in the 13-nation bloc sharing the same currency was in line with economists' forecasts. It has been for 10 consecutive months that the figure stayed below the two% ceiling preferred by the European Central Bank (ECB) to maintain price stability. Though prices were relatively under control, the ECB is still concerned about mid-term risks in face of a brisk economy.

The ECB raised its benchmark interest rate by another quarter percentage point to 4% earlier this month, the eighth time since last December. It is widely expected to raise its rate again in September. Eurostat will release an updated figure for June, with breakdown of different components and specific countries, on July 16. (english.people.com.cn)

Zwack Profit Falls 16% Figures

Zwack Profit Falls 16%

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.