Another inflation record was set in the euro area in June

By: Trademagazin editor Date: 2022. 07. 01. 11:06

The annual inflation rate of the Eurozone rose to a new record of 8.6 percent in June, from 8.1 percent in May, and was higher than the market expectation of 8.4 percent, according to Friday’s report based on preliminary data from Eurostat, the statistical office of the European Union.

Euro zone inflation set another record

The growth rate of prices accelerated in June. Energy prices by 41.9 percent, compared to 39.1 percent in May, food, alcohol and tobacco by 8.9 percent, compared to 7.5 percent in May, non-energy industrial products by 4.3 percent, compared to 4.2 percent in May. (MTI)