Fabian Demicoli

June 2013-Euro area annual inflation up to 1.6% – EU up to 1.7%

Euro area annual inflation was 1.6%
in June 2013, up from 1.4% in May. A year earlier the rate was 2.4%. Monthly
inflation was 0.1% in June 2013. European Union annual inflation was 1.7% in
June 2013, up from 1.6% in May. A year earlier the rate was 2.5%. Monthly
inflation was 0.1% in June 2013.

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

In June 2013, the lowest annual rates were observed in
Greece (-0.3%), Latvia and Poland (both 0.2%), and the highest in Romania
(4.5%), Estonia (4.1%) and the Netherlands (3.2%). Compared with May 2013,
annual inflation rose in eighteen Member States, remained stable in two and
fell in six. The lowest 12-month average rates up to June 2013 were registered
in Greece (0.2%), Sweden (0.7%) and Latvia (0.9%), and the highest in Romania
(4.5%), Hungary (4.0%) and Estonia (3.9%). Malta's inflation rate has decreased
from 4.4% in June 2012 to 0.6% in June 2013.

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 & paramedical services (-0.08) had the biggest downward impacts.

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