Euro zone inflation slowed down in June

By: Trademagazin Date: 2024. 07. 02. 13:26

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In line with analysts’ expectations, annual inflation slowed in the euro area in June, according to preliminary data published on Tuesday by Eurostat, the statistical office of the European Union.

In June, annual inflation in the euro area was 2.5 percent, in line with analysts’ expectations, after 2.6 percent in May.

A year earlier, in June of last year, the rate of annual increase in the euro zone consumer price index was 5.5 percent.

In a monthly comparison, consumer prices increased by 0.2 percent in June as well after May.

Based on Eurostat’s preliminary estimate, energy prices in June increased by 0.2 percent compared to a year earlier, following the 0.3 percent increase in May.

The annual growth rate of the prices of food, alcoholic beverages and tobacco products slowed to 2.5 percent in June from 2.6 percent in May.