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    Home ยป Euro Area Annual Inflation Rate to Increase up to 2.2%
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    Euro Area Annual Inflation Rate to Increase up to 2.2%

    July 31, 20211 Min Read
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    The annual inflation is projected to reach 2.2% in the Eurozone this month, an increase from 1.9% in June.

    • The highest contribution to the annual euro area inflation in July 2021 came from: energy (14.1%), followed by food, alcohol & tobacco (1.6%), services (0.9%), and non-energy industrial goods (0.7%).
    • The overall annual inflation rate in the euro area declined slightly by 0.1%, backed by decline in rates of non-energy industrial goods, energy items, and unprocessed foods.
    • The lowest annual rates were recorded in Malta (0.4%), Greece (0.6%), and Italy (0.9%). The highest annual rates were recorded in Estonia (4.9%), Lithuania (4.3%), Luxembourg (3.3%), and Germany (3.1%).

    Compared with June, the annual inflation decreased in seven euro area countries, and increased in twelve Member States.

    EURUSD down -0.04%

    Source: Eurostat.

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