Inflation in the euro area in July was at the highest level measured in the last 25 years for which data were collected by Eurostat

The European Statistics Office (Eurostat) has released annual inflation data for the European Union (EU) and Eurozone for July.

Accordingly, annual inflation in the Eurozone, which was 8.6 percent in June, rose to 8.9 percent in July.

Annual inflation in the EU, which was 9.6 percent in June, became 9.8 percent in July.

In July, inflation was:
23.2 percent in Estonia,
21.3 percent in Latvia,
20.9 percent in Lithuania,
17.3 percent in Czechia,
14.9 percent in Bulgaria,
14.7 percent in Hungary,
14.2 percent in Poland,
13 percent in Romania,
12.8 percent in Slovakia,
12.7 percent in Croatia,
11.7 percent in Slovenia,
11.6 percent in the Netherlands,
11.3 percent in Greece,
10.7 percent in Spain,
10.6 percent in the Cyprus
10.4 percent in Belgium.

Thus, the inflation rate reached double digits in 16 of 27 EU member states.