June 30, 2020

In June 2020, a month marked by the gradual lifting of COVID-19 containment measures, the euro area annual inflation rate is expected to be 0.3%, an increase from 0.1% in May, according to a flash estimate from the statistical office of the European Union (Eurostat).

The highest contribution to the euro area inflation rate in June 2020 is expected to come from: food, alcohol & tobacco (3.1%, compared with 3.4% in May), followed by services (1.2%, compared with 1.3% in May), non-energy industrial goods (0.2%, stable compared with May) and energy (-9.4%, compared with -11.9% in May).

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