Annual inflation up to 0.4% in euro areaChristian Fernsby ▼ | August 20, 2020
In July 2020, a month in which coronairus containment measures continued to be lifted, the euro area annual inflation rate was 0.4% in July 2020, up from 0.3% in June.
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The lowest annual rates were registered in Greece (-2.1%), Cyprus (-2.0%) and Estonia (-1.3%). The highest annual rates were recorded in Hungary (3.9%), Poland (3.7%) and Czechia (3.6%).
Compared with June, annual inflation fell in ten Member States, remained stable in three and rose in fourteen.
In July, the highest contribution to the annual euro area inflation rate came from non-energy industrial goods and services (both +0.42 percentage points, pp), followed by food, alcohol and tobacco (+0.38 pp) and energy (-0.83 pp).
The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The European Union includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden. ■