European Union (EU) annual inflation was 6.4 percent in June, down from 7.1 percent in May. A year earlier, the rate was 9.6 percent.
The euro area annual inflation rate was 5.5 percent in June, down from 6.1 percent in May. A year earlier, the rate was 8.6 percent, according to figures published by Eurostat, the EUآ’s statistical office, on Wednesday.
Compared with May, annual inflation fell in twenty five EU Member States, remained stable in one and rose in one.
In June, the highest contribution to the annual euro area inflation rate came from food, drinks and tobacco, followed by services, non-energy industrial goods and energy, it noted.
Source: Kuwait News Agency