Eurozone: Inflation Slows to 2.8% in June
Energy Slows Down but Remains the Most Inflationary Component
Energy still shows the highest annual rate among the major components of the index, at 8.7% in June, down from 10.8% in May, according to Eurostat. This does not indicate a drop in energy prices on an annual basis, but rather a slowdown in their increase. Services also decelerate to 3.2% after 3.5% in May, while food, alcohol, and tobacco return to 1.6%, down from 1.9% a month earlier.
Industrial Goods Remain Stable
Industrial goods excluding energy remain at 0.9%, unchanged from May. Excluding energy, eurozone inflation stands at 2.2% in June, compared to 2.4% in May. This development suggests a broader moderation beyond just the energy effect, although the flash estimate does not yet allow for a precise analysis of each component's contribution to total inflation.
Persistent Disparities Among Member Countries
Disparities within the eurozone remain pronounced. According to flash data from Eurostat, Lithuania shows the highest annual rate at 5.5%, while Malta records the lowest at 1.9%. Among the major economies, Germany stands at 2.4%, France at 2.0%, and Italy at 3.1%. These differences are a reminder that disinflation is not spreading at the same pace across countries, influenced by factors like the weight of energy, services, and national measures in price baskets.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
