Czechia records EU's second-lowest inflation rate

Czechia had the European Union's second-lowest inflation rate in June, according to new data from Eurostat. Annual inflation fell to 1.1 percent under the EU's harmonised methodology, down from 1.8 percent in May. Only Sweden recorded a lower rate, at 1.0 percent, while Denmark ranked third with 1.8 percent. Across the EU, annual inflation eased to 2.9 percent from 3.3 percent in May, while inflation in the eurozone fell to 2.8 percent. Eurostat's figures differ from Czech national data because they use a harmonised methodology for comparing inflation across member states.