Inflation rises in the euro area and the European Union

Euro area annual inflation was 2.5% in June 2024, down slightly from 2.6% in May. A year ago, in June 2023, the rate was 5.5%. The annual inflation rate in the EU as a whole was 2.6% in June 2024, compared with 2.7% in May. In June last year, it was 6.4%. The data are published by Eurostat, the statistical office of the European Union. The lowest annual inflation rates were recorded in Finland (0.5%), Italy (0.9%) and Lithuania (1.0%). In contrast, the highest annual rates were found in Belgium (5.4%), Romania (5.3%), Spain and Hungary (both 3.6%).