Annual inflation in the eurozone was 2% in June

In June 2018, consumer prices in the eurozone accelerated their growth in annual terms to 2% compared to a rise of 1.9% in May, according to the final Eurostat data. Inflation in the euro area reached 2% for the first time since February 2017. The inflation target of the European Central Bank is “just under 2% in annual terms'. The indicator coincided with the forecasts of analysts. In comparison with May of this year, the price increase amounted to 0.1%. Excluding the price of energy, food and alcohol, consumer prices rose 0.9% in annual terms, compared to a 1.1% rise in May. Annual inflation in 28 EU countries in June was 2%, as a month earlier. Compared to May, prices in the EU rose by 0.1%.

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