Inflation inches up to 3.7% in June 2025

Inflation has climbed to 3.7% year-on-year in June, up from 3.5% in May, but still below the 4.6% reported in June last year. The increase marks a pause in the two-month slowdown trend observed earlier in the year. 

According to Simonis Storm economist Almandro Jansen, the uptick was driven by modest price rises across food and non-alcoholic beverages (6.4%), alcoholic drinks and tobacco (6.9%), and housing and utilities (4.1%)—while transport prices continued to deflate, offering relief to households.

 

Despite these pressures, monthly inflation held steady, registering no change in June after a 0.2% rise in each of the prior two months.

Jansen warns that although headline inflation remains moderate, core inflation—which excludes volatile items like food and fuel—is at 4.2%, signaling persistent underlying price pressures in services and non-tradable sectors