In June, there was another inflation record in the euro area

By: Trademagazin editor Date: 2022. 07. 19. 11:10

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In June, the annual inflation rate of the Eurozone rose to a new record of 8.6 percent from 8.1 percent in May, according to the European Union’s statistical office Eurostat’s report on Tuesday. In the EU as a whole, inflation rose to 9.6 percent from 8.8 percent in May.

New inflation record in the euro area

In the euro area, the growth rate of prices accelerated: energy (42 percent, compared to 39.1 percent in May); food, alcohol and tobacco (8.9 percent, compared to 7.5 percent in May); in the case of non-energy industrial products (4.3 percent, compared to 4.2 percent in May). In the field of services, however, the rate of price increase moderated slightly to 3.4 percent from 3.5 percent in May. (MTI)