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Inflation rate in the euro zone falls to 2.5% in June

The annual inflation rate in the euro zone fell, in June, to 2.5%, less than half of the 5.5% recorded in the same month of 2023 and one of the lowest percentages in recent months, announced Eurostat this Tuesday.

Provisional data released by the community statistical office, Eurostat, reveal that, in June this year, the annual inflation rate in the euro zone is expected to be 2.5%, compared to 5.5%. % in the same month of 2023 and 2.6% in May 2024.

In Portugal, the annual inflation rate recorded in June this year was, according to provisional data presented by Eurostat, 3.1%, below the 4.7% in June 2023 and the 3.8% % May 2024.

Specifying the main components of inflation in the euro zone, the statistical office estimates that services will present the highest annual rate in June (4.1%, stable compared to May), followed by food products, alcohol and tobacco (2.5%, compared to 2.6% in May), non-energy industrial products (0.7%, is vel compared to May) and energy (0.2% compared to 0.3% in May).

These percentages are among the lowest in recent months.

The inflation rate has been falling in recent months after recording historic values ​​due to the reopening of the economy post-covid-19 pandemic, the energy crisis and the economic consequences of the war in Ukraine, but still above the 2% objective set by the European Central Bank (ECB) for price stability.

Source

Francesco Giganti

Journalist, social media, blogger and pop culture obsessive in newshubpro

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