Inflation has slowed in the euro area

By: Trademagazin editor Date: 2021. 07. 16. 11:00

According to the final data published by Eurostat on Friday, consumer prices in the eurozone rose by 1.9 percent year-on-year. They measured 2 percent in May, 1.6 percent in April, 1.3 percent in March, and 0.9 percent in both January and February.

Energy prices also rose the most in June, by 12.6 percent. The price of food, alcohol and tobacco products rose 0.5 percent and services by 0.7 percent.

Excluding energy prices, consumer prices rose by 0.8 percent year-on-year, and core inflation, which does not include volatile energy, food, alcohol and tobacco prices, was 0.9 percent. Both values are 0.1 percentage points lower than in the previous month. (MTI)