Euro Area Inflation Confirmed Slowing to 1.1% in September


In September, Euro Area's annual inflation rate fell to 1.1 percent compared to 1.3 percent in the previous month and 2.6 percent in September of 2012. The slowdown was mainly due to lower transport and communication costs.

The largest upward impacts to euro area annual inflation came from tobacco (+0.10 percentage points), electricity (+0.09) and accommodation services (+0.08), while fuels for transport (-0.30), telecommunications (-0.15) and medical and paramedical services (-0.07) had the biggest downward impacts. 

In September 2013, the lowest annual rates were observed in Bulgaria (-1.3 percent), Greece (-1.0 percent) and Latvia (-0.4 percent), and the highest in the United Kingdom (2.7 percent), Estonia (2.6 percent) and the Netherlands (2.4 percent). Compared with August 2013, annual inflation fell in seventeen Member States, remained stable in eight and rose in three. 

The lowest 12-month average rates up to September 2013 were registered in Greece (-0.2 percent), Latvia (0.5 percent) and Sweden (0.6 percent), and the highest in Romania (4.1 percent), Estonia (3.7 percent) and Croatia (3.3 percent).

Euro Area Inflation Confirmed Slowing to 1.1% in September


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
10/16/2013 10:27:37 AM