Euro zone inflation slowed down in June
In June, as previously announced, annual inflation eased to a 17-month low in the euro area, mainly due to the drop in energy prices, according to the data published on Wednesday by Eurostat, the statistical office of the European Union.
According to Eurostat’s final data, inflation in the euro area in June was 5.5 percent, in line with the preliminary estimate, after 6.1 percent in May. The June inflation figure is the lowest since January 2022 in the euro area.
A year ago, last June, the annual increase in consumer prices was 8.6 percent, and this year also started with 8.6 percent inflation in January.
Energy prices fell by 5.6 percent year-on-year in June after a 1.8 percent drop in May. Excluding energy prices, the annual increase in consumer prices was 6.9 percent in June and 7.0 percent in May.
The prices of food, alcohol and tobacco products rose the most in June, by 11.6 percent. In May, the annual price increase was 12.5 percent.
Related news
Producer prices in the euro area and the European Union increased in June, both month-on-month and year-on-year
Producer prices in the eurozone and the European Union rose…
Read more >The EU adopted a recommendation on the introduction of a sustainability reporting standard for SMEs
The European Commission has adopted a recommendation to introduce a…
Read more >Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >Related news
Producer prices in the euro area and the European Union increased in June, both month-on-month and year-on-year
Producer prices in the eurozone and the European Union rose…
Read more >Significant simplification: up to 57% reduction in the number of data points in corporate sustainability reports
The EFRAG draft will bring significant simplifications to the ESRS…
Read more >On average, prices at the Auchan school supplies fair did not increase compared to last year
The school supplies fair has begun at Auchan, where customers…
Read more >