The annual inflation rate both in the EU and eurozone decreased on a monthly basis in June, according to Eurostat on Friday.

The eurozone annual inflation slipped to 1.9%, down from 2.0% in May while the rate for the EU was 2.2%, down from 2.3%.

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

The lowest annual inflation was seen in Portugal (minus 0.6%), Malta (0.2%), and Greece (0.6%), while the highest were in Hungary (5.3%), Poland (4.1%), and Estonia (3.7%).

Compared to May, annual inflation decreased in 12 EU member states, remained unchanged in four, and rose in eleven.

Meanwhile, in June 2020, the annual inflation rates were 0.3% in the eurozone and 0.8% in the EU.

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