EU annual inflation rose slightly to 0.7% in June 2014 – Eurostat

Written by on July 17, 2014 in Europe - Comments Off on EU annual inflation rose slightly to 0.7% in June 2014 – Eurostat

Annual inflation in the European Union was 0.7 per cent in June 2014, up from 0.6 per cent in May, EU statistical office Eurostat said on July 17.

A year earlier, the EU inflation rate was 1.7 per cent. Monthly inflation was 0.1 per cent in June 2014, Eurostat said.

Euro area annual inflation was 0.5 per cent in June 2014, unchanged compared to May. A year earlier the rate was 1.6 per cent. Monthly inflation was 0.1 per cent in June 2014.

Eurostat said that in June 2014, negative annual rates were observed in Bulgaria (-1.8 per cent), Greece (-1.5 per cent) and Portugal (-0.2 per cent), Hungary and Slovakia (both -0.1 per cent).

The highest annual rates were recorded in the United Kingdom (1.9 per cent), Austria (1.7 per cent) and Luxembourg (1.2 per cent).

Compared with May 2014, annual inflation fell in 10 EU countries, remained stable in four and rose in 14.

The largest upward impacts to euro area annual inflation came from tobacco (+0.08 percentage points), restaurants and cafés (+0.07) and rents (+0.06), while vegetables (-0.14), telecommunications and fruit (-0.11 each) had the biggest downward impacts.

(Photo: Ossi Kallunki/freeimages.com)

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