The FINANCIAL — Euro area1 annual inflation was -0.1% in October 20092, up from -0.3% in September. A year earlier the rate was 3.2%. Monthly inflation was 0.2% in October 2009.
"EU3 annual inflation was 0.5% in October 2009, up from 0.3% in September. A year earlier the rate was 3.7%. Monthly inflation was 0.2% in October 2009," European Union informs.
These figures come from Eurostat, the Statistical Office of the European Communities.
Inflation in the EU Member States
In October 2009, the lowest annual rates were observed in Ireland (-2.8%), Estonia (-2.1%) and Portugal (-1.6%), and the highest in Romania (4.3%), Hungary (4.2%) and Poland (3.8%). Compared with September 2009, annual inflation fell in eleven Member States and rose in fifteen.
The lowest 12-month averages4 up to October 2009 were registered in Ireland (-1.0%), Portugal (-0.6%) and Luxembourg (-0.1%), and the highest in Romania (5.9%), Lithuania (5.4%) and Latvia (5.3%).
Euro area
The main components with the highest annual rates in October 2009 were alcohol & tobacco (4.4%), miscellaneous goods & services (2.2%) and education (1.5%), while the lowest annual rates were observed for transport (-2.0%), housing (-1.6%) and food (-1.5%). Concerning the detailed sub-indices, tobacco (+0.14 percentage points), restaurants & cafés (+0.12) and rents (+0.11) had the largest upward impacts on the headline rate, while fuels for transport (-0.42), gas (-0.27) and heating oil (-0.24) had the biggest downward impacts.
The main components with the highest monthly rates were clothing (3.1%) and education (1.1%), while the lowest was recreation & culture (-0.3%). In particular, garments (+0.16 percentage points), footwear and heating oil (+0.03 each) had the largest upward impacts, while fuels for transport (-0.04) and package holidays (-0.03) had the biggest downward impacts.
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