Euro zone inflation falls more than expected, adding to ECB case for patience

Euro zone inflation dropped significantly in June, falling to 2.8% and easing pressure on the European Central Bank to hike interest rates this month. While still above the ECB's target, the slowdown in food, energy, and services prices offers hope for moderating inflation. Policymakers are considering a pause, but future rate hikes remain likely due to persistent energy costs and potential supply chain disruptions.