Eurozone Services Inflation Refuses To Budge As ECB Looks On

Headline inflation in Europe resumed its downward trek in June while core price growth loitered stubbornly near 3% in data released on Tuesday. The headline figure was broadly in line with estimates, but underlying price pressures are proving difficult to dislodge. The 2.5% print on the all-items gauge was a tenth lower from May. The core measure, at 2.9%, was unchanged. Economists expected a downtick. Jeer as you might, but the ECB generally achieved its goal. Inflation's near enough to ta