Articles - Euro area annual inflation, June 2011


     
  •   Euro area annual inflation stable at 2.7%
  •  
  •   EU down to 3.1%

 Euro area1 annual inflation was 2.7% in June 20112, unchanged compared to May. A year earlier the rate was 1.5%. Monthly inflation was 0.0% in June 2011.

 EU3 annual inflation was 3.1% in June 2011, down from 3.2% in May. A year earlier the rate was 1.9%. Monthly inflation was -0.1% in June 2011.

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

 Inflation in the EU Member States

 In June 2011, the lowest annual rates were observed in Sweden (1.5%), Slovenia (1.6%) and the Czech Republic (1.9%), and the highest in Romania (8.0%), Estonia (4.9%) and Lithuania (4.8%). Compared with May 2011, annual inflation fell in fourteen Member States, remained stable in six and rose in six.

 The lowest 12-month averages4 up to June 2011 were registered in Sweden (1.5%), the Czech Republic and the Netherlands (both 1.8%), and the highest in Romania (7.8%), Estonia (4.7%) and Greece (4.6%).

 Euro area

 The main components with the highest annual rates in June 2011 were transport (5.3%), housing (4.8%) and food (2.7%), while the lowest annual rates were observed for communications (-1.2%), recreation & culture (0.4%) and clothing (1.0%). Concerning the detailed sub-indices, fuels for transport (+0.45 percentage points), heating oil (+0.16) and electricity (+0.13) had the largest upward impacts on the headline rate, while telecommunications
 (-0.13), garments (-0.09) and rents (-0.08) had the biggest downward impacts.

 The main components with the highest monthly rates were recreation & culture and hotels & restaurants (both 0.5%) and housing (0.2%), while the lowest were clothing (-1.5%), communications (-0.4%), alcohol & tobacco and transport (both -0.2%). In particular, package holidays (+0.07 percentage points) and accommodation services (+0.03) had the largest upward impacts, while garments (-0.09) and fuels for transport (-0.07) had the biggest downward impacts.

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