European Union annual inflation was 0.7 percent in June 2014, up from 0.6 percent in May. A year earlier the rate was 1.7 percent. Monthly inflation was 0.1 percent in June 2014.
In June 2014, negative annual rates were observed in Bulgaria (-1.8 percent), Greece (-1.5 percent), Portugal (-0.2 percent), Hungary and Slovakia (both -0.1 percent). The highest annual rates were recorded in the United Kingdom (1.9 percent), Austria (1.7 percent) and Luxembourg (1.2 percent). Compared with May 2014, annual inflation fell in ten Member States, remained stable in four and rose in fourteen.
The largest upward impacts to euro area annual inflation came from tobacco (+0.08 percentage points), restaurants & cafés (+0.07 pp) and rents (+0.06 pp), while vegetables (-0.14 pp), telecommunications and fruit (-0.11 pp each) had the biggest downward impacts.