Inflation in the euro zone of 16 countries was lower than expected in June, according to a first estimate released Wednesday, suggesting that rising prices remain controlled despite economic improvement.
The statistical office of the European Union said that inflation in the currency bloc stood at 1.4 percent annual rate, down from 1.6 percent in May and 1.5 percent forecast by economists in a Reuters poll.
"There is no threat of inflation on the horizon," said Clemente De Lucia, an economist at BNP Paribas.
"The decline in core inflation will limit the upward pressures on overall inflation coming from the most volatile components as the prices of energy and food," he said.
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