Inflation in the eurozone accelerated to 2% in June

Inflation in the eurozone rose by 2% in June 2025 compared to the same month in 2024. Thus, the indicator accelerated its growth rate after +1.9% in May. This is evidenced by preliminary data from Eurostat.

The indicator coincided with the consensus forecast of analysts cited by Trading Economics.

Core inflation, which excludes energy and food costs, rose by 2.3% in June, as in May. Energy prices fell by 2.7% (-3.6% in May).

During the month, the member countries with the highest annual inflation rates were Estonia (+5.2%), Slovakia (+4.6%), and Croatia (+4.4%). The lowest rates were recorded in Cyprus (+0.5%), France (+0.8%), and Italy (+1.7%). In Germany, consumer prices rose by 2%.

It should be noted that the European Central Bank continues to pursue a policy of monetary stimulus. In June, the ECB lowered interest rates for the eighth time this year. From June 11, the deposit rate will be 2%, the main refinancing rate will be 2.15%, and the marginal lending rate will be 2.4%.

According to preliminary estimates by Eurostat, the EU’s GDP grew by 0.8% in 2024 compared to 2023. In the eurozone, this figure increased by 0.7% year-on-year. In the fourth quarter, seasonally adjusted EU GDP grew by 0.1% compared to the previous quarter and by 1.1% compared to the same period in 2023. In the eurozone, the indicator remained at the level of the third quarter and grew by 0.9% year-on-year.