Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Half of euro zone June inflation came from energy - Eurostat

Published 07/19/2022, 05:31 AM
Updated 07/19/2022, 05:37 AM
© Reuters. FILE PHOTO: The skyline is photographed early evening in Frankfurt, Germany, January 26, 2016.  REUTERS/Kai Pfaffenbach/

BRUSSELS (Reuters) - Almost half of the record high inflation in the euro zone in June resulted from the energy price spike, the EU's statistics office said on Tuesday, with more expensive food the second biggest factor and services the third.

Eurostat confirmed its earlier estimate that consumer prices in the 19 countries sharing the euro rose 8.6% year-on-year in June, marking another record jump after an 8.1% rise in May and a 7.4% increase in April.

Energy prices contributed 4.19 percentage points to the overall year-on-year reading, food, alcohol and tobacco another 1.88 points and services 1.42 points, Eurostat said.

The highest year-on-year inflation rate in the euro zone was in Estonia where prices surged 22% in June. Lithuania had inflation of 20.5%, Latvia 19.2% and Slovakia 12.6%.

Price growth was lowest in Malta with 6.1%, France at 6.5% and Finland with 8.1%. Germany's inflation rate was 8.2%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.