Inflation: Uptick in US-Decline in EU

2025-07-16T08:46:00+01:00

Year to year inflation in the US increased from 2.4% to 2.7% in June and will reinforce the Fed's policy of holding interest rates steady in the face of a noisy and abusive campaign by the President to get them to cut them. In the EU inflation dropped from 1.9% to 1,6% but is unlikely to lead to a further cut in interest rates until the situation about tariffs becomes clearer. In Ireland the HICP rate of inflation moved up from 1.4% to 1.6% and in terms of the CPI from 1.7% to 1.8%. A major factor in Ireland in the uptick is in inflation is food which rose by 4.6% in June.