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August 19, 2020EU AND EURO AREA CONSUMER PRICE INDEX, JULY 2020 In July 2020, a month in which many COVID-19 containment measures continued to be lifted, the year-over-year inflation rate increased to 0.9 per cent in the European Union and to 0.4 per cent in the Euro Area. European Union data for this report is now for the 27 member countries of the European Union, not including the UK.
Among EU member states, the fastest year-over-year inflation was reported in Hungry Poland, and Czechia while the lowest inflation was reported in Greece, Cyprus, and Estonia.
Compared to the previous month, annual inflation rates declined in ten Member States, remained stable in three and rose in fourteen.
July food price inflation moved down to 2.3 per cent (year-over-year) in the European Union and 1.7 per cent (year-over-year) in the Euro Area.
Energy inflation (July-20 vs July-19) continued to rebound in July. Energy inflation was at -7.7 per cent in the European Union and -8.4 per cent in the Euro Area.
Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation increased 1.5 per cent for the European Union and 1.2 per cent for the Euro Area.
Source: Eurostat-News Release
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