Annual inflation up to 0.3% in the euro area

In June 2020, a month in which many COVID-19 containment measures have been gradually lifted, the euro area annual inflation rate was 0.3%, up from 0.1% in May. Data published by Eurostat, the Statistical Office of the European Union (EU) shows that the EU’s annual inflation was 0.8% in June 2020, up from 0.6% in May.

The data shows that a year earlier, the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Cyprus-2.2%, Greece, -1.9% and Estonia, -1.6%.

On the other hand, the highest annual rates were recorded in Poland, 3.8%, Czechia, 3.4% and Hungary, 2.9%.

Compared with May, annual inflation fell in seven Member States and rose in twenty.

According to Eurostat in June, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco followed by services non-energy industrial goods and energy.