Euro area annual inflation up to 1.7%

Euro area annual inflation was 1.7% in July 2010, up from 1.4% in June. A year earlier the rate was -0.6%. Monthly inflation was -0.3% in July 2010.

EU27 annual inflation was 2.1% in July 2010, up from 1.9% in June. A year earlier the rate was 0.2%. Monthly inflation was -0.2% in July 2010.

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

Inflation in the EU Member States
In July 2010, the lowest annual rates were observed in Ireland (-1.2%), Latvia (-0.7%) and Slovakia (1%), and the highest in Romania (7.1%), Greece (5.5%) and Hungary (3.6%). Compared with June 2010, annual inflation rose in 19 EU member states, remained stable in one and fell in six.

The lowest 12-month averages up to July 2010 were registered in Ireland (-2.4%), Latvia (-1.8%) and Portugal (0%), and the highest in Hungary (5.1%), Romania (4.8%) and Poland (3.3%).

Euro area
The main components with the highest annual rates in July 2010 were transport (4.5%), alcohol & tobacco (3.3%) and housing (2.7%), while the lowest annual rates were observed for communications (-0.8%), recreation & culture (-0.3%) and household equipment (0.5%).

The main components with the highest monthly rates were recreation & culture (1.2%), hotels & restaurants (1.1%) and transport (0.5%), while the lowest were clothing (-9.7%) and household equipment (-0.6%).

Name:*				Company:
E-mail:*