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The inflation rate in the eurozone and the EU has been accelerating since June 2021, driven by rising energy prices, and reaching record highs since November.
The year-on-year inflation rate in June advanced to 8.6% in the euro zone, from 8.1% in May this year, and to 1.9% in June 2021, while in the European Union it reached 9.6%, according to Eurostat.
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According to the data from the European Union’s official statistics office, which confirms the flash estimate advanced on July 1, inflation – measured by the Harmonized Consumer Price Index – reaches a new high in the single currency area, but also in the 27 member states as a whole, with the rate of 9.6 percent in the European Union (EU) compared to 8.8 percent a month earlier and 2.2 percent in June last year.
