Economy, Europe

EU sees rise in annual inflation rate in July

Annual inflation among EU27 countries last month was 0.9%, up from 0.8% previous month

Tuba Sahin   | 19.08.2020
EU sees rise in annual inflation rate in July

ANKARA

Consumer prices in the EU climbed 0.9% year-on-year in July, the bloc’s statistic office announced Wednesday.

Eurostat said the 27-member bloc’s annual inflation rate last month was up from 0.8% in June. The figure was 1.4% in July last year.

Compared with a month earlier, annual inflation fell in 10 member states, remained stable in three and rose in 14.

Greece posted the lowest annual inflation rate with minus 2.1% in June. This was followed by the Greek Cypriot Administration of Southern Cyprus (-2%) and Estonia (-1.3%).

“The highest annual rates were recorded in Hungary (3.9%), Poland (3.7%), and Czechia (3.6%),” Eurostat said.

Meanwhile, the eurozone’s inflation rate was 0.4% last month, up from 0.3% in June.

The eurozone/euro area or EA19 represents member states that use the single currency -- euro -- while the EU27 includes all member countries of the bloc.

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