Categories: Business

Inflation in the eurozone fell by one-tenth in June, to 2.5%.

The eurozone inflation rate stood at 2.5% year-on-year in June, one-tenth lower than the price rise seen in May, according to a preliminary estimate of data released by the community’s statistical office Eurostat.

The slight slowdown in price growth in the euroregion reflected a 0.2% rise in energy costs after a 0.3% year-on-year increase in May, while fresh food prices rose 1.4% year-on-year, four-tenths less than the previous month.

Similarly, non-industrial energy products rose 0.7% in June, in line with May’s figures, as did services, which rose 4.1% annually, the same increase seen in May.

Excluding the impact of energy on prices, the inflation rate rose to 2.8%, which is in line with May’s figure, and excluding the cost of food, tobacco and alcohol, the base rate remained at 2.9%.

Among eurozone countries, the biggest increase in the cost of living in June was in Belgium with 5.5%, ahead of Spain with 3.5%, and Croatia and the Netherlands with 3.4% in both cases.

On the other hand, the smallest price increase was observed in Finland – by 0.6% year-on-year, followed by Italy – 0.9% and Lithuania – 1%.

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