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July 17, 2024
EU AND EURO AREA CONSUMER PRICE INDEX, JUNE 2024

Year-over-year (June 2024 vs June 2023)

The inflation rate slowed to 2.6% in the European Union and to 2.5% in the Euro Area in June 2024.

The fastest inflation was reported in Belgium and Romania while the slowest inflation rates were in Finland, Italy, and Lithuania.

Energy prices rose 0.2% both in the European Union and Euro Area in June 2024.

Food price inflation has continued to slow to 1.3% for the European Union and 1.6% in the Euro Area in June 2024. 

Excluding the impacts of energy, food, alcohol and tobacco prices year-over-year inflation slowed to 3.1% in the European Union and to 2.9% in the Euro Area in June 2024.

Source: EurostatEurostat Data


Orange ClockFor More Information

William Steele
Senior Economist
Tel: 902-424-6131
Email: Bill.Steele@novascotia.ca