15th June 2013

Euro area annual inflation up to 1.4%

Euro area annual inflation rate was 1.4% and the EU27 annual inflation rate was 1.6% in May 2013, compared to 1.2% and 1.4% respectively in April 2013. In May 2012 the annual inflation rate in the euro area was 2.4% and in the EU27 it was 2.6%.

In May 2013, the lowest annual rates were measured in Greece (-0.3%), Latvia (-0.2%) and Cyprus (0.2%). The highest annual inflation rates were recorded in Romania (4.4%), Estonia (3.6%) and the Netherlands (3.1%). Compared with April 2013, annual inflation rose in sixteem Member States, remained stable in six and fell in four.

The largest upward impacts on euro area annual inflation came from fruit and vegetables (+0.11 percentage points each) and electricity (+0.09). The biggest downward impact had fuels for transport (-0.28), telecommunications (-0.18) and medical & paramedical services (-0.08).

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Members of the American Chamber of Commerce in the Czech Republic