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.
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