20 Jul
covid19 inflation european union

Annual inflation up to 0.3% in the euro area (June 2020)

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.

A year earlier, the rate was 1.3%. European Union annual inflation was 0.8% in June 2020, up from 0.6% in May. A year earlier, the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union.

Lowest vs. highest rates

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

On the other side, 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.

In June, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.60
percentage points, pp), followed by services (+0.55 pp), non-energy industrial goods (+0.05 pp) and energy (-0.93
pp).

Geographical information
The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

The euro area and European Union data refer to the respective country compositions at a specific point in time.

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