Russia logged annual food deflation in April for the first time since 2018, reaching a record of 1.12% in May.
Hungary posted Europe's highest annual food inflation rate in June at 29.3%, dropping below 30% for the first time in 10 months. Serbia's food inflation rate in June stood at 21.1%, followed by Estonia (19.5%), Slovakia (18.9%) and Romania (17.9%) rounding out the top five of the list.
Besides Russia, annual food inflation in June was below the 10-percent mark in five other countries, including Belarus (3.6%), Switzerland (5.1%), Portugal (8.6%), Denmark (8.8%) and Finland (9.2%).
Inflation decelerated in early summer in most European countries, particularly in Hungary (-4.4 points), Lithuania (-3.8 points), Ukraine (-3.6 points), Latvia (-3.5 points) and Slovakia (-2.8 points).
Five European countries posted rising inflation, with Cyprus at the top of the ranking as inflation grew to 10.12% in June from 8.38% in May. Inflation also hiked in Russia (+1.2 points), Malta (+0.9 points), Norway (+0.8 points) and Greece (+0.6 points).
The study was conducted by Sputnik on the basis of data from the national statistical agencies of 40 European nations, which released their June reports as of mid-July. Food inflation rate gauges changing prices for food and soft drinks.