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Euro Area Annual Inflation Down to 1.4% in June 2010
added: 2010-07-15

Euro area annual inflation was 1.4% in June 2010, down from 1.6% in May. A year earlier the rate was -0.1%. Monthly inflation was 0.0% in June 2010.

EU annual inflation was 1.9% in June 2010, down from 2.0% in May. A year earlier the rate was 0.6%. Monthly inflation was 0.0% in June 2010.

These figures come from Eurostat, the statistical office of the European Union.

Inflation in the EU Member States

In June 2010, the lowest annual rates were observed in Ireland (-2.0%), Latvia (-1.6%) and the Netherlands (0.2%), and the highest in Greece (5.2%), Hungary (5.0%) and Romania (4.3%). Compared with May 2010, annual inflation fell in fifteen Member States, remained stable in four and rose in eight.

The lowest 12-month averages up to June 2010 were registered in Ireland (-2.5%), Latvia (-1.6%) and Portugal (-0.3%), and the highest in Hungary (5.2%), Romania (4.6%) and Poland (3.5%).

Euro area

The main components with the highest annual rates in June 2010 were transport (3.9%) and alcohol & tobacco (3.7%), while the lowest annual rates were observed for communications (-1.1%), recreation & culture (-0.2%) and food (0.2%). Concerning the detailed sub-indices, fuels for transport (+0.45 percentage points), heating oil (+0.17) and tobacco (+0.10) had the largest upward impacts on the headline rate, while gas, cars and telecommunications (-0.09 each) had the biggest downward impacts.

The main components with the highest monthly rates were alcohol & tobacco (0.6%) and hotels & restaurants (0.3%), while the lowest were clothing (-0.9%), transport and communications (both -0.2%). In particular, fruit (+0.04 percentage points), tobacco, accommodation services and package holidays (+0.02 each) had the largest upward impacts, while garments (-0.06), vegetables and fuels for transport (-0.04 each) had the biggest downward impacts.


Source: Eurostat

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