18th September 2013

Euro area inflation down to 1.3%

An average annual inflation in the European Union reached 1.5% in August 2013, down from 1.7% in July 2013. In the Euro Area the annual inflation fell to 1.3% in August, down from 1.6% in July 2013. The lowest annual rates were observed in Greece (-1.0%), Bulgaria (-0.7%) and Latvia (-0.1%). The highest annual inflation rates were measured in Estonia (3.6%), the Netherlands (2.8%) and Romania (2.6%).

The largest impact on the euro area annual inflation had fruit (+0.12 percentage points), electricity and tobacco (+0.10 each), while fuels for transport (-0.26), telecommunications (-0.18) and medical & paramedical services (-0.08) pushed inflation lower.

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Members of the American Chamber of Commerce in the Czech Republic