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July 19, 2023EU AND EURO AREA CONSUMER PRICE INDEX, JUNE 2023 Year-over-year (June 2023 vs June 2022)
The inflation rate slowed to 6.4% in the European Union and to 5.5% in the Euro Area in June 2023.
The fastest inflation was reported in Hungary (+19.9%) while the slowest inflation rate was in Luxembourg (+1.0%).
Energy inflation declined 4.1% in the European Union and declined 5.6% in the Euro Area in June 2023.
Food price inflation is slowing but remains elevated at 13.8% for the European Union and 12.6% for the Euro Area.
Excluding the impacts of energy, food, alcohol and tobacco prices inflation edged up to 6.2% in the European Union and to 5.5% in the Euro Area in June 2023.
Source: Eurostat
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