Annual inflation down across continental Europe

Europe has seen a slowing down of inflation across the continent.

The Euro Area’s annual inflation rate was 2.8% last month, down from 3.2% in May. 

A year earlier, the rate was 2.0%. The European Union’s annual inflation was 2.9% in June 2026, down from 3.3% in May. A year earlier, the rate was 2.3%. 

These figures are published by Eurostat, the statistical office of the European Union, today. The lowest annual rates were registered in Sweden (1.0%), Czechia (1.1%) and Denmark (1.8%). 

The highest annual rates were recorded in Romania (9.2%), Lithuania (5.4%) and Bulgaria (5.2%). Compared with May 2026, annual inflation fell in twenty-two Member States, remained stable in three and rose in two.

In June 2026, services (+1.51 percentage points, pp), energy (+0.77 percentage points, pp), food, alcohol & tobacco (+0.29 percentage points, pp) and non-energy industrial goods (+0.18 percentage points, pp) contributed positively to the annual Euro Area inflation rate.