Euro Area Inflation Confirmed Stable At 1.6%


In July, Euro Area's annual inflation rate was unchanged at 1.6 percent compared to the previous month and down from 2.4 percent in July of 2012. Food prices provided the biggest upward pressure, in line with previous months, while communication costs registered the largest fall.

The largest upward impacts to euro area annual inflation came from fruit (+0.12 percentage points), vegetables (+0.09) and tobacco (+0.08), while telecommunications (-0.18), medical and paramedical services (-0.08) and fuels for transport (-0.06) had the biggest downward impacts. 

In July 2013, the lowest annual rates were observed in Greece (-0.5 percent), Bulgaria (0.0 percent) and Denmark (0.4 percent), and the highest in Estonia (3.9 percent), Romania (3.4 percent) and the Netherlands (3.1 percent). Compared with June 2013, annual inflation fell in seventeen Member States, remained stable in two and rose in nine. The lowest 12-month average rates up to July 2013 were registered in Greece (0.1 percent), Sweden (0.7 percent) and Latvia (0.8 percent), and the highest in Romania (4.5 percent), Estonia (3.9 percent) and Croatia (3.7 percent). 

Euro Area Inflation Confirmed Stable At 1.6%


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
8/16/2013 10:20:14 AM