European Inflation Rates Drop Across Four Nations in June

Several European nations reported a moderation in annual consumer price inflation for June 2026, with data released on July 15. The declines were broadly driven by lower costs for food and transportation, though housing and utility expenses remained a persistent upward pressure in several markets.

Statistics Sweden reported that inflation fell to 0.7 percent year-over-year from 0.8 percent in May. This was supported by a 6.8 percent drop in food and non-alcoholic beverage costs, although housing and utilities accelerated to 4.0 percent. Similarly, the Statistical Office of the Slovak Republic noted a three-month low of 3.5 percent inflation, down from 3.8 percent in May, featuring the first food price decrease in five years.

In Poland, the Central Statistical Office of Poland announced that inflation dropped to 2.5 percent, the lowest rate in four months. Monthly consumer prices in Poland fell by 0.5 percent. Bulgaria also saw a significant decline, with the National Institute of Statistics and Geography reporting that annual inflation fell to 5.4 percent from 6.9 percent in May, lower than initial flash estimates.