The inflation rate in July of 2022 in the Eurozone stood at 8.9%, up from 8.6% in June, which was 2.2% in the July of the last year, said the Eurostat, the European Union’s statistical office.
According to the data, the European Union’s annual inflation was 9.8% in July 2022, up from 9.6% in June, a year earlier, the rate was 2.5%.
The lowest annual rates were registered in France, Malta (both 6.8%), and Finland (8.0%) whereas the highest annual rates were recorded in Estonia (23.2%), Latvia (21.3%), and Lithuania (20.9%).
The data also said that annual inflation fell in six member states, remained stable in three, and rose in eighteen compared with June.
In July, the highest contribution to the annual eurozone inflation rate came from energy (+4.02 percentage points – pp), followed by food, alcohol, and tobacco (+2.08 pp), services (+1.60 pp), and non-energy industrial goods (+1.16 pp).