The annual inflation rate in the euro area fell by six tenths in June compared to the previous month, thus reaching 5.5% from 6.1% in Maywell Lowest increase in prices since January 2022According to preliminary data released this Friday by Eurostat.
The moderation in the price increase in June was due to the 5.6% decrease in the energy cost compared to the 1.8% decrease in May, while the fresh food price was 9%, six-tenths below the 2019 data. last month
But, when it comes to services, prices are up four-tenths more than in May, up 5.4% year-on-yearnon-energy industrial goods, on the other hand, increased by 5.5% and decreased by three tenths compared to the previous month.
When the effect of energy is excluded from the calculation, the annual inflation rate increased from 7% to 6.9% in June compared to the previous month, while food prices, alcohol and tobacco, core inflation rate rose to 5.4% from 5.3% in May.
Like this, Core inflation rate, which declined in April and May in the euro area, rose againStrengthens the position of members of the European Central Bank (ECB) Governing Council to continue the current cycle of interest rate hikes.
Among Eurozone countries, The lowest inflation rates in June were observed in Luxembourg (1%), Belgium and Spain (both 1.6%).The most intense price increases were in Slovakia with 11.3%, followed by Estonia (9%) and Croatia (8.3%).
On their side, among the Euro’s largest economies, Compared to 6.3% in May, the inflation rate in Germany rose to 6.8%, while in France and Italy it fell to 5.3% and 6.7%.respectively.
Spain’s harmonized inflation rate of 1.6% increases the favorable price gap relative to the eurozone average to 3.9 points, from 3.2 the previous month.