Looking at the main components of euro area inflation, non-energy industrial goods are estimated to be at 5.5 per cent, compared with 5.8 per cent in May 2023, and energy at -5.6 per cent, compared with -1.8 per cent in May, Eurostat, statistical office of the European Union (EU), said in a press release.
Euro area’s annual inflation rate is expected to drop to 5.5 per cent in June 2023, as per Eurostat’s flash estimate.
Inflation of non-energy industrial goods and energy is expected to be at 5.5 per cent and -5.6 per cent respectively.
Luxembourg has the lowest estimated inflation rate at 1 per cent while Slovakia holds the highest at 11.3 per cent.
The estimated inflation rates for June 2023 measured by the harmonised indices of consumer prices (HICP) were the lowest for Luxembourg at 1 per cent and the highest for Slovakia at 11.3 per cent.
Fibre2Fashion News Desk (NB)