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Euro Zone Inflation: Difference between revisions
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!European Union | !European Union | ||
!Euro area<ref>https://ec.europa.eu/eurostat/databrowser/view/PRC_HICP_MANR__custom_3761882/bookmark/table?lang=en&bookmarkId=4ad27e6f-358a-4a3d-82a0-587d69a833eb</ref> | !Euro area<ref>https://ec.europa.eu/eurostat/databrowser/view/PRC_HICP_MANR__custom_3761882/bookmark/table?lang=en&bookmarkId=4ad27e6f-358a-4a3d-82a0-587d69a833eb</ref> | ||
|- | |||
|2023-06 | |||
|5.5 | |||
|6.4 | |||
|- | |- | ||
|2023-05 | |2023-05 | ||
| Line 125: | Line 129: | ||
=== June 2023 === | === June 2023 === | ||
{| class="wikitable" | |||
! colspan="3" rowspan="2" |<ref>https://ec.europa.eu/eurostat/documents/2995521/17179282/2-19072023-AP-EN.pdf/bf200c74-48a4-e485-3372-c1fd1083c169</ref> | |||
! colspan="7" |Contributions | |||
|- | |||
!Jun 22 | |||
!Jan 23 | |||
!Feb 23 | |||
!Mar 23 | |||
!Apr 23 | |||
!May 23 | |||
!Jun 23 | |||
|- | |||
| colspan="3" |Food, alcohol & tobacco | |||
| 1.88 | |||
| 2.94 | |||
| 3.10 | |||
| 3.12 | |||
| 2.75 | |||
| 2.54 | |||
| 2.35 | |||
|- | |||
| colspan="3" |> processed food, alcohol & tobacco | |||
| 1.33 | |||
| 2.38 | |||
| 2.43 | |||
| 2.43 | |||
| 2.27 | |||
| 2.08 | |||
| 1.93 | |||
|- | |||
| colspan="3" |> unprocessed food | |||
| 0.55 | |||
| 0.56 | |||
| 0.67 | |||
| 0.69 | |||
| 0.48 | |||
| 0.45 | |||
| 0.42 | |||
|- | |||
| colspan="3" |Energy | |||
| 4.19 | |||
| 2.17 | |||
| 1.64 | |||
| -0.05 | |||
| 0.37 | |||
| -0.09 | |||
| -0.57 | |||
|- | |||
| colspan="3" |Non-energy industrial goods | |||
| 1.15 | |||
| 1.73 | |||
| 1.74 | |||
| 1.71 | |||
| 1.62 | |||
| 1.51 | |||
| 1.42 | |||
|- | |||
| colspan="3" |Services | |||
| 1.42 | |||
| 1.81 | |||
| 2.02 | |||
| 2.10 | |||
| 2.21 | |||
| 2.15 | |||
| 2.31 | |||
|} | |||
* The euro area annual inflation rate was 5.5% in June 2023, down from 6.1% in May. A year earlier, the rate was 8.6%. | |||
* European Union annual inflation was 6.4% in June 2023, down from 7.1% in May. A year earlier, the rate was 9.6%. | |||
* Core consumer prices, stripping out volatile elements like food and energy, rose 5.5% from a year earlier, Eurostat said Wednesday. That compares with a preliminary estimate of 5.4% and a reading of 5.3% in May. | |||
“We expect sticky core inflation through summer will dominate the debate and push the ECB to deliver a last hike in September, to a terminal rate of 4%. The small upward revision to the core reading to 5.5% illustrates this tension.” —Maeva Cousin, euro-area economist. <ref>https://www.bloomberg.com/news/articles/2023-07-19/eurozone-inflation-latest-core-inflation-stronger-than-anticipated-in-june</ref> | |||
=== May 2023 === | === May 2023 === | ||