Euro zone inflation slowed down in July
In July, inflation slowed down in the euro zone, according to the final data of Eurostat, the statistical office of the European Union, presented on Friday.
In an annual comparison, the consumer price index fell to 5.3 percent, the lowest since January 2022, from 5.5 percent in June. In July last year, inflation in the region was 8.9 percent.
Inflation is still fueled by the rise in food prices, but to a lesser extent, while the fall in energy prices moderates it. Excluding energy prices, consumer prices rose by 6.7 percent in July after the 6.9 percent annual increase in June. Excluding energy, food and leisure items, the July price increase (core inflation) was 5.5 percent, which was the same as in June.
In July, energy prices were 6.1 percent lower than a year earlier and 0.2 percent lower than the previous month. In June, the annual decrease was 5.6 percent.
Related news
There are more questions than answers: what do Eurostat’s latest consumption data about Hungary actually reveal?
Eurostat’s 2024 consumption and economic statistics have been released, and…
Read more >Despite economic recovery, the number of insolvencies has increased in the Central and Eastern European region
The annual insolvency report for Central and Eastern Europe (CEE)…
Read more >AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution…
Read more >Related news
An unusual competition could create the shopping experience of the future
Registration is now open for Hungary’s first shopping mall hackathon.…
Read more >Croatian real estate fever subsides: investors are looking for new targets
The Croatian coast has been unwaveringly popular among Czech holiday…
Read more >Summer break: Hungarian families spend hundreds of thousands of forints
In addition to relaxation, summer vacation also means serious logistical…
Read more >