Inflation in the Eurozone decreased slightly to 2.5% in June 2024, down from 2.6% in May, aligning with market expectations. The slower rise in prices was noted in food, alcohol, and tobacco (2.5% from 2.6%) and energy (0.2% from 0.3%). Inflation for non-energy industrial goods stayed steady at 0.7%, and services held at 4.1%. The CPI increased by 0.2% month-on-month, the same as in May. However, core inflation, which excludes volatile items like energy and food, remained unexpectedly stable at 2.9%, against the anticipated 2.8%. Germany, France, and Spain all saw slight reductions in inflation rates.

Europe's economy struggles with high rates, needing lower costs to avoid a potential collapse. The entire ideological fanatical net zero policy of the Europeans hinges on further lowering the cost of capital. The fact that the Federal Reserve continues to keep interest rates up and doesn't seem to budge is driving the Euro socialists further and further into a corner as the whole esg madness and financialization becomes more and more feasible. With the interest rate spread widening, the threat of capital flight from Europe to America looms ever larger on the horizon.