June 2013 euro zone annual inflation up to 1.6 per cent, EU up to 1.7 per cent

Written by on July 16, 2013 in Europe - No comments

Euro zone annual inflation was 1.6 per cent in June 2013, up from 1.4 per cent in May. A year earlier the rate was 2.4 per cent. Monthly inflation was 0.1 per cent in June 2013, EU statistical office Eurostat said on July 16.

EU annual inflation was 1.7 per cent in June 2013, up from 1.6 per cent in May. A year earlier the rate was 2.5 per cent. Monthly inflation was 0.1 per cent in June 2013.

In June 2013, the lowest annual rates were observed in Greece (-0.3 per cent), Latvia and Poland (both 0.2 per cent), and the highest in Romania (4.5 per cent), Estonia (4.1 per cent) and the Netherlands (3.2 per cent).

Compared with May 2013, annual inflation rose in 18 EU countries, remained stable in two and fell in six.

The lowest 12-month average rates up to June 2013 were registered in Greece (0.2 per cent), Sweden (0.7 per cent) and Latvia (0.9 per cent), and the highest in Romania (4.5 per cent), Hungary (4.0 per cent) and Estonia (3.9 per cent).

Eurostat said that the largest upward impacts to euro area annual inflation came from vegetables (+0.11 percentage points), fruit and electricity (+0.09 each), while telecommunications (-0.20), fuels for transport (-0.11) and medical and paramedical services (-0.08) had the biggest downward impacts.

According to the Eurostat statement, in Bulgaria in June 2013, annual inflation was 1.2 per cent, after 1.1 per cent in May. The 12-month average inflation in Bulgaria in June 2013 was 2.3 per cent, while June 2013 monthly inflation in Bulgaria was -0.3 per cent.

(Photo: Evangelos Vlasopoulos/sxc.hu)

 

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