Europe's annual inflation down in June

By Tuba Sahin

ANKARA (AA) - Annual inflation rate both in the EU and eurozone decreased on a monthly basis in June, according to Eurostat on Friday.

The eurozone annual inflation slipped to 1.9%, down from 2.0% in May while the rate for EU was 2.2%, down from 2.3%.

The highest contribution to the annual euro area inflation rate came from energy, followed by non-energy industrial goods, services and food, alcohol and tobacco.

The lowest annual inflation were seen in Portugal (minus 0.6%), Malta (0.2%) and Greece (0.6%), while the highest were in Hungary (5.3%), Poland (4.1%) and Estonia (3.7%).

Compared to May, annual inflation decreased in 12 EU member states, remained unchanged in four and rose in eleven.

Meanwhile, in June 2020, the annual inflation rates were 0.3% in eurozone and 0.8% in the EU.