Annual inflation in the Eurozone was 2.5% in June


Lerato Khumalo

The Consumer Price Index (CPI) in the Eurozone was determined as 2.5 percent on an annual basis in June.

The European Statistical Office (Eurostat) has published preliminary inflation data for the Eurozone for June.

Accordingly, annual inflation in the Eurozone, which was 2.6 percent in May, decreased to 2.5 percent in June. CPI increased by 0.2 percent on a monthly basis in June.

Market expectations were that annual inflation in the Eurozone would be 2.5 percent in June.

Looking at the main components of inflation, the highest annual price increase was in services at 4.1 percent. The services sector was followed by food, alcohol and tobacco products at 2.5 percent, non-energy industrial products at 0.7 percent and energy products at 0.2 percent.

Core inflation in the Eurozone was measured at 2.9 percent annually and 0.3 percent monthly in June.

According to EU-compatible data, inflation in June was 5.5 percent in Belgium, 3.5 percent in Spain, 3.4 percent in Croatia and the Netherlands, 3.2 percent in Austria and 2.5 percent in Germany and France.