Portugal’s inflation rate at 9% in June, eurozone 8.6%
The highest annual rates were recorded in Estonia (22.0%), Lithuania (20.5%) and Latvia (19.2%), while the lowest were observed in Malta (6.1%), France (6.5%) and Finland (8.1%).
Year-on-year inflation advanced in June to 8.6% in the eurozone, from 8.1% in May this year and 1.9% in June 2021, while in the European Union it reached 9.6%, Eurostat reported on Tuesday.
According to data from the official statistics office of the European Union, which confirm the flash estimate advanced on July 1, inflation – measured by the Harmonised Index of Consumer Prices – reaches a new high in the single currency area, but also in all 27 member states, with the rate of 9.6% in the European Union (EU) compared to 8.8% a month earlier and 2.2% in June last year.
The inflation rate in the eurozone and the EU has been accelerating since June 2021, pulled by rising energy prices, and reaching record highs since November.
According to Eurostat, the rise in eurozone inflation continued to be driven by price increases in the energy sector (42%, up from 39.1% in May), followed by food, alcohol and tobacco (8.9%, up from 7.5% in May), non-energy industrial goods (4.3%, up from 4.2%) and services (3.4%, down from 3.5% in May).
The highest annual rates were recorded in Estonia (22.0%), Lithuania (20.5%) and Latvia (19.2%), while the lowest were observed in Malta (6.1%), France (6.5%) and Finland (8.1%).
Compared with May, notes Eurostat, annual inflation fell in only two member states (Germany and the Netherlands, and in both cases by a residual 0.1%), and rose in 25, including Portugal, where it reached 9%, compared with 8.1% a month earlier and -0.6% in June 2021.
