Eurozone inflation slows to 5.5% – Kommersant
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Today, July 19, the European Statistical Agency reported that June inflation in the euro area at an annualized rate of 5.5%, which is the lowest level since January 2022 (.pdf). May indicators in the euro area were at the level of 6.1%. A year earlier, in June 2022, inflation in the euro area was 8.6%. In the EU, prices rose by 6.4% in June.
The lowest inflation in the EU in June was recorded in Luxembourg (1%), Belgium and Spain (1.6% each). The highest is in Hungary (19.9%), Slovakia (11.3%) and the Czech Republic (11.2%). The largest increase in prices in the euro area in June was recorded for food, alcohol and tobacco (2.36%), as well as in services (2.3%). Fuel prices in the Eurozone fell by 0.57% in June, which was the main reason for the slowdown in headline inflation.
Read about how the attitude of European regulators to high inflation is changing in the material “Kommersant” “Where there are two, there are four”.
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