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Food, alcohol and tobacco prices drive up cost of living

Inflation in the eurozone is expected to be 1.6 per cent for last month, up 0.2 per cent from May.

ANNUAL INFLATION IN the eurozone is expected to be 1.6 per cent for June, up from 1.4 per cent in May, according to an estimate from Eurostat.

Food, alcohol and tobacco are expected to have the highest annual rate of inflation of 3.2 per cent for last month. This is followed by energy with a rate of 1.6 per cent compared with -0.2 per cent in May.

The inflation rates for services and non-energy industrial goods are both expected to rise by 0.1 per cent.

Figures from Eurostat last month showed that, while the cost of living in the eurozone rose by 1.4 per cent, Ireland’s own inflation rate of was 0.5 per cent – only a small fraction when compared with countries like Romania and Estonia.

Read: Cost of living rises in the eurozone but not so much in Ireland>

Read: The cost of drinking alcohol and getting an education is in>

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