In June, annual inflation in the Eurozone rose to a record high of 8.6% compared with 8.1% in May. This is evidenced by the data of Eurostat.

The highest inflation rate was recorded in Estonia (22%), Lithuania (20.5%), Latvia (19%), Slovakia (12.5%) and Greece (12%).

The inflation rate exceeded the forecast of Trading Economics (8.4%) and the European Central Bank (growth of 2% monthly).

The increase in inflation is due, among other things, to an increase in energy prices (41.9% compared to 7.5% in May). On June 3, the sixth package of EU sanctions came into force, providing for a partial embargo on Russian oil.

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The text was prepared by Timur Aliyev