According to Eurostat, the inflation rate in the Euro Area was 2.0% at the conclusion of June 2018, increasing 1.9% from the May 2018 rate. Simultaneously, European Union annual inflation stayed steady at 2% in June 2018 compared to May 2018.

Countries with the lowest annual rates included: Ireland (0.7%), Greece (1.0%), and Denmark (1.1%). Members of the Euro Area with higher inflation rates included: Romania (4.7%), Estonia (3.9%), and Hungary (3.2%). When comparing the inflation rates of May 2018 and June 2018, the rates fell in three member states, remained stable in two states, and rose in twenty-two states.

The highest contributor to the rising inflation rate in the Euro Area came from energy (+0.76 pp), followed by services (+0.57 pp), food, alcohol & tobacco (+0.53 pp), and non-energy industrial goods (+0.10 pp).

The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.