Headline inflation ticks up in June

Throughout the week, Junes flash inflation numbers were published in Eurozone as well as in several CEE countries. In Eurozone, annual inflation is expected to be 2.0% in June 2025, up from 1.9% in May. Services are expected to have the highest annual rate in June (3.3%, compared with 3.2% in May), followed by food, alcohol & tobacco (3.1%, compared with 3.2% in May). As far as the region is concerned, Junes flash inflation estimates point to increasing price pressure in the middle of the year. In all countries, Junes inflation is expected to increase. While in Croatia or Poland inflation increased rather marginally (to 3.7% y/y in June from 3.5% and to 4.1% y/y from 4.0% in May, respectively), in Czechia, Slovenia or Slovakia (HICP release) headline inflation went up more visibly compared to May. In Czechia it increased to 2.9% y/y (up from 2.4%), in Slovenia to 2.2% (up from 1.8%). At the moment, inflation is the highest in Slovakia (at 4.6%).