Consumer prices rose 2.8% from a year ago in June, **down from 3.2% the previous month**, Eurostat said Wednesday. That’s less than the 3% median estimate in a Bloomberg survey.
CPI is lower in EU in June. The EU is one of the place that got hit the hardest after the Strait of Hormuz closed. If EU's June CPI is now lower then expected, then June CPI in USA will probably do the same.
Should be bullish for US market as well. Inflation has peaked.
[https://financialpost.com/pmn/business-pmn/euro-zone-inflation-slows-more-than-expected-as-oil-retreats](https://financialpost.com/pmn/business-pmn/euro-zone-inflation-slows-more-than-expected-as-oil-retreats)
