In November 2012, the lowest annual rates were observed in Greece (0.4%), Sweden (0.8%) and Cyprus (1.4%), and the highest in Hungary (5.3%), Romania (4.4%) and Estonia (3.8%). Compared with October 2012, annual inflation fell in twenty-four Member States, remained stable in one and rose in one.
The lowest 12-month averages up to November 2012 were registered in Sweden (0.9%), Greece (1.2%) and Ireland (1.9%), and the highest in Hungary (5.6%), Estonia (4.3%) and Poland (3.9%).
Euro area
The main components with the highest annual rates in November 2012 were alcohol & tobacco (3.7%), housing (3.6%) and transport (3.0%), while the lowest annual rates were observed for communications (-4.1%), household equipment and recreation & culture (both 1.1%). Concerning the detailed sub-indices, fuels for transport (+0.14 percentage points), electricity (+0.10) and gas (+0.08) had the largest upward impacts on the headline rate, while telecommunications (-0.20), cars and financial services (-0.06 each) had the highest downward impacts.
The main components with the highest monthly rates were food and clothing (both 0.4%), alcohol & tobacco and household equipment (both 0.1%), while the lowest monthly rates were observed for transport (-1.3%), communications (-0.7%) and hotels & restaurants (-0.6%). In particular, garments and meat (+0.03 each) had the highest upward impacts, while fuels for transport (-0.15), accommodation services (-0.06), air transport and package holidays (-0.03 each) had the largest downward impacts.
