Euro Area Inflation Confirmed at 1.6% in June


In June, Euro Area's annual inflation was up to 1.6 percent in from 1.4 percent in May. A year earlier the rate was 2.4 percent. Compared with the previous month, annual inflation rose in eighteen Member States, remained stable in two and fell in six.

The largest upward impacts to euro area annual inflation came from vegetables (+0.11 percentage points), fruit and electricity (+0.09 each), while telecommunications (-0.20), fuels for transport (-0.11) and medical and paramedical services (-0.08) had the biggest downward impacts.

The lowest annual rates were observed in Greece (-0.3 percent), Latvia and Poland (both 0.2 percent), and the highest in Romania (4.5 percent), Estonia (4.1 percent) and the Netherlands (3.2 percent). The lowest 12-month average rates up to June 2013 were registered in Greece (0.2 percent), Sweden (0.7 percent) and Latvia (0.9 percent), and the highest in Romania (4.5 percent), Hungary (4.0 percent) and Estonia (3.9 percent).

On a monthly basis, prices were up 0.1 percent in June. European Union annual inflation was 1.7 percent in June 2013, up from 1.6 percent in May. A year earlier the rate was 2.5 percent. 

Euro Area Inflation Confirmed at 1.6% in June


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
7/16/2013 10:23:31 AM