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Eurozone inflation hits record in June

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Annual inflation in the Eurozone reached 8.6 percent in June due to the rise in energy prices.

The European Statistical Office (Eurostat) has released annual inflation data for the European Union (EU) and Eurozone for June.

Accordingly, annual inflation in the Eurozone, which was 8.1 percent in May, rose to 8.6 percent in June.

Annual inflation in the EU, which was 8.8 percent in May, became 9.6 percent in June.

The said inflation rate was 1.9 percent in the Euro Area and 2.2 percent in the EU in June last year.

Eurozone inflation records have been kept since 1997.

Thus, inflation in the Eurozone in June was the highest measured in the last 25 years for which data were collected by Eurostat.

Inflation has been on the rise since last summer and peaked in the past months.

In June, energy products made the biggest contribution to the annual inflation increase in the Euro Area with 4.19 percent. Energy was followed by food, alcohol and tobacco products with 1.88 percent, services with 1.42 percent and non-energy industrial products with 1.15 percent.

Inflation is 8.2 percent in Germany, 6.5 percent in France, 10 percent in Spain, 8.5 percent in Italy, 10.5 percent in Belgium, 14.8 percent in Bulgaria, 16.6 percent in Czechia, 19.2 percent in Latvia, 20.5 percent in Lithuania and 22 percent in Estonia.

Thus, the inflation rate reached double digits in 15 of the 27 EU member states.

Inflation is well above the 2 percent target of the European Central Bank (ECB).

The recent increase in inflation has also disturbed Europeans.

The rise in general prices, especially in basic food and energy products, draws attention in Europe.

Berry moved to the Netherlands for her art studies. She is living in Amsterdam for 16 years. You can see her in Amsterdam streets with her fancy pink bike. She is a professional photographer and blog journal lover.

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Used car prices in the Netherlands fell for the first time this year

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Used car prices in the Netherlands fell for the first time this year. Data were obtained from the vehicle sales platform AutoScout24. According to the platform, the reason for the decrease is the summer holiday.

How much are used car prices in the Netherlands?

AutoScout24 stated that during the summer holidays, people’s interests are generally towards vacationing, so the decrease in prices may be due to this.
 
An average used car was sold for 23,531 euros in July. This rate is 1.2 percent less than the previous month. At the beginning of this year, the average price of second-hand was 22,158 euros. There has been no decline in used car prices since the spring of 2021.
 
On the other hand, the increase in second-hand items in other European countries continues. Prices continued to rise in France, Austria and Belgium last month, while Germany saw a small decline of 0.2 percent.
 
Germany is still at the top of Europe in this field, with an average used car price of 27,361 euros.
 
Image source: ipravda.sk

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Declining interest in Randstad region in the Netherlands

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Declining interest in Randstad region in the Netherlands

The proportion of people leaving the Randstad area in the Netherlands has increased over the past year. According to the National Statistics Agency (CBS), 75,000 people left the region last year. The number of people who moved to the region was 55 thousand.

 
CBS data indicated that those over the age of 30 are increasingly leaving the west of the country.
 
Statistics also show that the number of people leaving the Randstad area has increased since 2014. While 48 thousand people left the region in 2014, this number increased to 70 thousand in 2020.
 
On the other hand, the proportion of those who moved to Randstad remained roughly the same, reaching 55 thousand last year. Looking at all the data, the number of Dutch people giving up city life has been increasing since 2017.
 
However, the increase in the number of people leaving Randstad does not mean that the region is empty.

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Netherlands uses Europe’s most expensive natural gas

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The Netherlands became the country that used the most expensive natural gas among the European Union countries with its natural gas prices in July.

 
Nieuwsuur, which collects data from the comparison site Energievergelijk.nl, last month the natural gas bill of a house in the Netherlands cost 283 Euros. This rate is double that of many EU countries. Neighboring countries of the Netherlands are Germany and Belgium, a few of these countries.
 
In June, the peak of gas prices was in Sweden, while the Netherlands took the second place. In July, the leadership changed hands. Last month gas bills in Sweden averaged 237.
 
Electricity bills in the Netherlands are also quite high compared to other countries. The Dutch paid an average of 419 euros for electricity in July. There are only two European countries that face more electricity bills than the Netherlands: Italy and Denmark.
 
According to the estimates of Energievergelijk.nl, citizens who will renew their energy contracts this year will pay an average of 3,700 euros more per year.
 
Nibud, who is a budget consultant, stated that many households will have difficulty paying the bills in the future. Nearly 30 percent of them highlighted the difficulty ban on this issue last month.

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