Economic Buzz: Eurozone's inflation down from 3.2% to 2.8% in June

The annual inflation rate in the Eurozone is expected to stand at 2.8% in June, a drop from 3.2% registered in May, the European Commission's statistical office Eurostat revealed in its preliminary report published on Wednesday. Compared to the previous month, the figure was forecast to decline by 0.1%.

Core inflation, excluding energy and unprocessed food, was projected to rise by 0.2% month-on-month and 2.2% year-on-year.

The report attributed the predicted rise in the overall index to the expected 8.7% annual rise in energy, followed by services at 3.2%, food, alcohol and tobacco at 1.6%, and non-energy industrial goods at 0.9%.

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