The latest European economic data released this morning, June 30, confirmed the following pattern: crypto slate We’ve been discussing this for over a year now.
Various signals are coming from the inflation front. Headline inflation continues its downward trend, but core inflation surprisingly reaccelerates.
- Year-on-year core inflation was reported at 5.4%, slightly above the previous month’s 5.3%.
- Conversely, headline CPI inflation was 5.5% y/y, slightly lower than the forecast of 5.6%.
The European labor market appears to remain strong, with the unemployment rate stable at 6.5%. That’s a staggering number that rivals a 25-year low.
The article after the re-acceleration of core inflation in Europe first appeared on CryptoSlate.