Euro area inflation rose slightly to the European Central Bank's 2 percent target in June, as initially estimated, final data from Eurostat showed on Thursday.Annual inflation moved up to 2.0 percent in June from 1.9 percent in May. The rate came in line with the estimate published on July 1.Core inflation that excludes prices of energy and food held steady at 2.3 percent, as estimated. At 0.3 per...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.