Euro Area Inflation Rate Revised Up to 0.4%

Euro Area annual inflation was 0.4 percent in August, the same rate recorded in July and up from a preliminary estimate of 0.3 percent. The largest upward pressure came from prices of restaurants and cafes.

In August 2014, negative annual rates were observed in Bulgaria (-1.0 percent), Spain (-0.5 percent), Estonia, Greece, Italy, and Slovakia (all -0.2 percent), Poland and Portugal (both -0.1 percent). The highest annual rates were recorded in Austria and the United Kingdom (both 1.5 percent), Romania (1.3 percent) and Finland (1.2 percent). Compared with July 2014, annual inflation fell in seventeen Member States, remained stable in two and rose in nine.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.08 percentage points), rents (+0.07) and maintenance of vehicles (+0.05), while fuels for transport (-0.17), fruit (-0.12) and telecommunications (-0.11) had the biggest downward impacts.

Monthly inflation was 0.1 percent in August.  

Core inflation rate, which strips out prices of food, energy, alcohol and tobacco accelerated to 0.9 percent from 0.8 percent in July, matching the preliminary estimate. 

Euro Area Inflation Rate Revised Up to 0.4%

Eurostat | Joana Taborda |
9/17/2014 10:20:40 AM