Annual inflation down to 1.3% in the euro area

Annual inflation down to 1.3% in the euro area

Annual inflation down to 1.3% in the euro area

The FINANCIAL -- Euro area annual inflation was 1.3% in June 2017, down from 1.4% in May.

In June 2016 the rate was 0.1%. European Union annual inflation was 1.4% in June 2017, down from 1.6% in May. A year earlier the rate was 0.1%. These figures come from Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Ireland (-0.6%), Denmark (0.4%) and Romania (0.7%). The highest annual rates were recorded in Lithuania (3.5%), Estonia and Latvia (both 3.1%). Compared with May 2017, annual inflation fell in eighteen Member States, remained stable in three and rose in six.

The largest upward impacts to the euro area annual inflation came from accommodation services (+0.08 percentage points), package holidays (+0.06 pp) and tobacco (+0.04 pp), while telecommunication (-0.10 pp), social protection (-0.04 pp) and bread & cereals (-0.03 pp) had the biggest downward impacts.