PARIS / RankWire.AI / – The Euro area’s inflation rate, measured through the Harmonised Index of Consumer Prices, decreased to 2.8% from 3.2% in May. This drop was primarily supported by lower energy inflation, with food inflation reaching its lowest point in five years. Eurostat’s preliminary estimate for July placed inflation at 2.9%, only slightly above June’s figure. In that initial assessment, energy inflation was estimated at 10.0%, and core inflation remained steady at 2.5%.
Inflation Moderation in Euro Area and G20 Nations
Across G20 economies, inflation eased to 4.1% in June from 4.3% in May. China’s annual inflation rate declined to 1.0% from 1.2%. Conversely, inflation rates increased in Argentina, Indonesia, and South Africa during the same period. Brazil, India, and Saudi Arabia reported stable or broadly stable inflation figures. The June data reflected a general decline in inflation across major economic groups, though individual countries’ results continued to vary based on energy, food, and core consumer prices.