The annual inflation rate in the Eurozone fell to 5.5% in June from 6.1% in May, according to a quick estimate published by Eurostat.
Food, alcohol and tobacco products are expected to record the highest year-on-year inflation (11.7% compared to 12.5% in May), followed by non-energy manufactured goods (5.5% compared to 5. 8%). ), services (which rose from 5.0% to 5.4% from May to June) and energy (with a 5.6% deflation compared to 1.8% in May).
Core inflation (excluding energy and unprocessed food) fell to 6.8% from 6.9% in May, according to a quick estimate released by the European Union’s statistical office.
Among the 20 eurozone countries, the highest inflation rates measured by the Harmonized Consumer Price Index (HICP) are estimated in Slovakia (11.3%), Estonia (9.0%) and Croatia (8.3%). the lowest in Luxembourg (1.0%), Belgium and Spain (1.6% each).
In Portugal, the year-on-year inflation rate measured by HICP (which allows for comparisons across countries) eased to 4.7% in June from 5.4% in May.
Year-on-year inflation in the euro area has been declining for the third month in a row.
Author: Portuguese
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.