Eurozone Returns to Inflation

Nevertheless, inflation levels are still below those of the previous year, in June 2015, inflation was at 0.2%. The slight increase of prices was largely driven by the services sector, where prices increased to +1.1% month on month, whilst prices for food and tobacco remained stable. According to Financial Tribune, the fall of energy prices slowed down somewhat, from -8.1% in May to -6.4% in June. Countries in Southern and Eastern Europe continued to show persistent levels of deflations, with prices in Cyprus falling by -2%, followed by Bulgaria, Croatia and Spain. Inflation was the highest in Belgium, where prices increased by 1.8%, followed by Sweden. However, Portugal and Malta also saw price increases of 0.7% and 1% respectively.