Euro area annual inflation up to 8.1% - Eurostat

Euro area annual inflation up to 8.1% - Eurostat
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Friday 17 June 2022 - 17:59

Euro area annual inflation increased to 8.1% in May 2022, up from 7.4% in April, the statistical office of the European Union (Eurostat) announced on Friday.

Last year, the figure stood just at 2%, Eurostat said.

The lowest annual rates were seen in France and Malta (both 5.8%) and Finland (7.1%), while the highest annual rates were observed in Estonia (20.1%), Lithuania (18.5%), and Latvia (16.8%).

Looking at the main components of euro area inflation, energy has the highest annual rate in May (+3.87 percentage points), followed by food, alcohol & tobacco (+1.59 pp), services (+1.46 pp), and non-energy industrial goods (+1.13 pp).

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