In July, the rate of increase in consumer prices accelerated in the euro area and the EU
In July, the rate of increase in the consumer price index accelerated in the euro area and in the European Union, according to the final data of the EU’s statistical office, Eurostat, presented on Tuesday.
The annual inflation rate of the Eurozone rose to 2.6 percent in July from 2.5 percent in June.
Energy prices increased by 1.2 percent over the year in July after 0.2 percent in the previous month. The price of non-energy industrial products rose by 0.7 percent after the same 0.7 percent in June.
The price of services increased by 4.0 percent in July after 4.1 percent in June. The price increase of food, tobacco products and alcoholic beverages also slowed, to 2.3 percent after 2.4 percent in June.
Excluding energy and food prices (core inflation), it was 2.9 percent, the same as in June.
Related news
Price stability is still far away – a price index of 4.3% is expected this year
In May 2025, Hungary’s Central Statistical Office (KSH) reported a…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >Why are apples cheaper in Poland? – Prices, VAT and agricultural strategy in the background
A model Polish economy and a conscious tax policy are…
Read more >Related news
Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >Melon import volume drops by 51 percent
Compared to last year, the volume of melon imports has…
Read more >The Hungarian Product trademark gives companies a sense of community and customers reliable quality
Professional cooperation based on mutual benefits enables businesses to overcome…
Read more >