EUROPEAN UNION/EUROZONE & IRISH INFLATION
Month 2002 2003 2004 2005 2006 2007 2008 2009 2001
January 2.7 2.3 1.9 1.9 2.4 1.8 3.2 1.1 1.0
February 2.4 2.4 1.6 2.1 2.3 1.8 3.3 1.2 0.9
March 2.5 2.4 1.7 2.1 2.2 1.9 3.5 0.6 1.4
April 2.4 2.1 2.0 2.1 2.4 1.9 3.3 0.6 1.5
May 2.0 1.9 2.4 2.0 2.5 1.9 3.7 0.0 1.6
June 1.8 2.0 2.4 2.1 2.5 1.9 4.0 -0.1 1.4
July 1.9 1.9 2.3  2.2 2.4 1.8 4.0 -0.7 1.7
August 2.1 2.1 2.3 2.2 2.3 1.7 3.8 -0.2 1.6
September 2.1 2.3 2.1 2.6 1.7 2.1 3.6 -0.3 1.8
October 2.3 2.0 2.4 2.5 1.6 2.6 3.2 -0.1  
November 2.2 2.2 2.2  2.3 1.9 3.1 2.1 0.5  
December 2.3 1.8 2.4  2.2 1.9 3.1 1.6 0.9  

Source Eurostat

           

Eurozone annual inflation was 1.8% in September 2010, up from 1.6% in August. A year earlier the rate was -0.3%. Monthly inflation was 0.2% in September 2010. EU annual inflation was 2.2% in September 2010, up from 2.0% in August. A year earlier the rate was 0.3%. Monthly inflation was 0.2% in September 2010.

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

Inflation in the EU Member States: In September 2010, the lowest annual rates were observed in Ireland (-1.0%), Latvia (0.3%) and Slovakia (1.1%), and the highest in Romania (7.7%), Greece (5.7%) and Estonia (3.8%). Compared with August 2010, annual inflation rose in twenty Member States, remained stable in four and fell in three.

The lowest 12-month averages up to September 2010 were registered in Ireland (-2.1%), Latvia (-1.9%) and Slovakia (0.4%) and the highest in Romania (5.2%), Hungary (4.9%) and Greece (3.9%).

See other rates in chart above.

Eurozone: The main components with the highest annual rates in September 2010 were transport (4.1%), alcohol & tobacco (3.2%) and housing (2.9%), while the lowest annual rates were observed for communications (-0.9%), recreation & culture (-0.2%) and clothing (0.2%). Concerning the detailed sub-indices, fuels for transport (+0.40 percentage points), heating oil (+0.16) and vegetables (+0.09) had the largest upward impacts on the headline rate, while garments and telecommunications (-0.09 each), meat and bread & cereals (-0.06 each) had the biggest downward impacts.

The main components with the highest monthly rates were clothing (6.5%), education (0.6%) and household equipment (0.4%), while the lowest were recreation & culture (-1.3%), hotels & restaurants (-1.2%) and transport (-0.4%). In particular, garments (+0.31 percentage points) and footwear (+0.08) had the largest upward impacts, while package holidays (-0.14), accommodation services (-0.12) and air transport (-0.08) had the biggest downward impacts.

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