Capital Economics: Eurozone inflation may have peaked

```htmlGolden Ten Data reported on June 17 that Jack Allen-Reynolds of Capital Economics stated in a report that inflation in the eurozone is unlikely to rise further significantly. The inflation in May was driven by fuel prices, which are expected to decline in the short term. "If oil and gas shipments through the Strait of Hormuz resume in the coming months, energy inflation is unlikely to rise further." Allen-Reynolds said this also reduces the risk of second-round inflation effects, although the growth of food and service prices will accelerate in the second half of the year. "But as things stand, these impacts are expected to be minimal... Therefore, we believe inflation will only rise slightly in the second half of the year."```