The FINANCIAL — Euro area annual inflation was 0.2% in June 2015, down from 0.3% in May. In June 2014 the rate was 0.5%. European Union annual inflation was 0.1% in June 2015, down from 0.3% in May. A year earlier the rate was 0.7%. These figures come from Eurostat, the statistical office of the European Union.
In June 2015, negative annual rates were observed in eight Member States. The lowest annual rates were registered in Cyprus (-2.1%), Greece (-1.1%), Romania and Slovenia (both -0.9%). The highest annual rates were recorded in Malta (1.1%), Austria (1.0%), Belgium and the Czech Republic (both 0.9%). Compared with May 2015, annual inflation fell in thirteen Member States, remained stable in seven and rose in eight.
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.09 percentage points), tobacco and rents (+0.07 pp each), while fuels for transport (-0.38 pp), heating oil (-0.17 pp) and gas (-0.07 pp) had the biggest downward impacts.
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