Reacceleration in core inflation for Europe

exchange68September 12, 2024

0 0 1 minute read

Quick Take

The latest data on European economic indicators were released this morning, June 30, corroborating a pattern that CryptoSlate has been discussing over the past year.

Inflation Trends

There are mixed signals from the inflation front. While headline inflation has continued its downward trend, core inflation surprisingly reaccelerated.

The Core Inflation rate on a year-over-year basis was reported at 5.4%, slightly above the previous month’s of 5.3%.
On the contrary, the CPI headline inflation year-over-year was recorded at 5.5%, a bit lower than the forecasted figure of 5.6%.

Core Inflation: (Source: Trading Economics)

Employment Situation

The European labor market seems to remain robust, with the unemployment rate staying steady at 6.5%. This is an impressive figure, matching the 25-year lows.

Unemployment Rate: (Source: Trading Economics)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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