The Eurozone Consumer Price Index (CPI) was finalized at 2.5% year-over-year in June, slightly down from May’s 2.6%, according to Eurostat. The Core CPI, excluding energy, food, alcohol, and tobacco, remained unchanged at 2.9% year-over-year.
The primary contributors to the annual inflation rate were services (+1.84 percentage points), followed by food, alcohol, and tobacco (+0.48 pp), non-energy industrial goods (+0.17 pp), and energy (+0.02 pp).
In the European Union (EU), the CPI was finalized at 2.6% year-over-year, down from May’s 2.7%. The lowest annual inflation rates were observed in Finland (0.5%), Italy (0.9%), and Lithuania (1.0%). Conversely, Belgium (5.4%), Romania (5.3%), Spain, and Hungary (both 3.6%) recorded the highest annual rates. Compared to May 2024, annual inflation fell in seventeen Member States, remained stable in one, and rose in nine.
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