WORLD

Euro zone annual inflation hits new record high of 8.9 pct in July

19/08/2022 01:28 AM

ANKARA, Aug 18 (Bernama) -- The Euro zone annual inflation hit a new record high of 8.9 per cent in July, up from 8.6 per cent in June, according to official figures on Thursday.

The figure was 2.5 per cent last year.

The highest contribution to the annual euro area inflation rate came from energy, followed by food, alcohol and tobacco, services and non-energy industrial goods, Anadolu Agency reported.

The annual inflation diminished in six member states, remained stable in three, and rose in 18 compared to June.

The lowest annual rates were seen in France, Malta (both 6.8 per cent), and Finland (8 per cent), while the highest annual rates were recorded in Estonia (23.2 per cent), Latvia (21.3 per cent), and Lithuania (20.9 per cent).

Meanwhile, the EU annual inflation was 9.8 per cent in July, up from 9.6 per cent in June.

-- BERNAMA

 

 

 

 

 


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