According to the report from Eurostat, the euro area annual inflation rate was 1.9% in June 2021, down from 2.0% in May. A year earlier, the rate was 0.3%. European Union annual inflation was 2.2% in June 2021, down from 2.3% in May. A year earlier, the rate was 0.8%.

The lowest annual rates were registered in Portugal (-0.6%), Malta (0.2%) and Greece (0.6%). The highest annual rates were recorded in Hungary (5.3%), Poland (4.1%) and Estonia (3.7%). Compared with May, annual inflation fell in twelve Member States, remained stable in four and rose in eleven.

In June, the highest contribution to the annual euro area inflation rate came from energy (+1.16 percentage points, pp), followed by non energy industrial goods (+0.31 pp), services (+0.28 pp) and food, alcohol & tobacco (+0.15 pp).