PARIS / RankWire.AI / – The Euro area’s inflation rate, as measured by the Harmonised Index of Consumer Prices, fell to 2.8% in June from 3.2% in May, primarily supported by a decrease in energy inflation, while food inflation hit its lowest point in five years. According to Eurostat, July’s preliminary inflation estimate stood at 2.9%, showing little change from June, with energy inflation at 10.0% and core inflation remaining steady at 2.5%. Similarly, inflation across the G20 nations eased to 4.1% in June from 4.3% in May, with China’s annual inflation rate dropping to 1.0% from 1.2%. Meanwhile, Argentina, Indonesia, and South Africa experienced increases in their inflation rates, whereas Brazil, India and Saudi Arabia reported stable or broadly stable levels. The June data reflect lower inflation in major economic groups, although individual country results continue to vary across energy, food, and core consumer prices.
