The statistical office of the euro area, Eurostat published the estimates of consumer prices for the territory for the month of June. According to the report, the expectation of the data reveals that for this month, annual inflation will drop to 5.5%, after presenting a 12-month variation of 6.1% in May.
(See: The European Central Bank will continue to raise its interest rates).
Taking the look towards the breakdown by components, According to Eurostat, the divisions that are contributing the most to the rise in prices are ‘Food, alcohol and tobacco’, which is expected to be weighted at 11.7% in its annual data..
However, compared to the figure for May, this would decrease, since for that month inflation for this item was 12.5%.
On the other hand, there is the section on ‘non-energy industrial goods’. This division is estimated to increase at 5.5% per year, although despite the fact that it is one of the largest contributions, it also decreased compared to May, where it registered 5.8% year-on-year.
(See: European countries continue to increase interest rates).
However, the category of ‘Services’ is one of those that would increase the most in June. According to the report, the estimate for this division would be 5.4%increasing compared to May, which was 5%.
At the same time, the sector that most would present contractions in June is that of ‘energy’ with a drop to -5.6%falling even more compared to the data for the fifth month of the year, which was -1.8%.
However, for the estimate for inflation that excludes ‘food, alcohol and tobacco’ and ‘energy’, the statistical office has a projection that it will increase to 5.4%being a higher figure than that registered in May, which was 5.3%.
Likewise, the price figure excluding ‘unprocessed food’ and ‘energy’ would be weighted at 6.8% in June.
In the breakdown by member countries of the bloc, it was estimated that those that would register the highest annual prices in June are Slovakia (11.3%), Estonia (9%), Croatia (8.3%) and Lithuania (8.2%). While the lowest records would be those of Luxembourg (1%), Belgium (1.6%), Spain (1.6%) and Greece (2.7%).
In the case of Germany, this country would have an estimated annual inflation of 6.8%, close to that of France, which would be 5.3%.
(See: European trends).
As in the euro zone and according to information taken up by AFP, Inflation in the United States, which had picked up in April, slowed again in May to levels of a year ago, according to the PCE index published this Friday by the Commerce Department. and which is the reference official of the Federal Reserve (Fed, central bank).
Compared to May 2022, consumer price inflation stood at 3.8%, compared to 4.3% the previous month.
(See: The city where a rent triples the country’s minimum wage).
BRIEFCASE
