Eurozone annual inflation was
2.8% in April 2011, up from 2.7% in March. A year earlier the rate was 1.6%.
Monthly inflation was 0.6% in April 2011.
EU annual inflation was 3.2% in April 2011, up from 3.1% in
March. A year earlier the rate was 2.1%. Monthly inflation was 0.5% in April
2011. These figures come from Eurostat, the statistics office of the European
The target rate of the European
Central Bank is 'below but close to 2%.'
Inflation in the EU Member States: In April 2011, the
lowest annual rates were observed in Ireland (1.5%), the Czech Republic (1.6%)
and Sweden (1.8%), and the highest in Romania (8.4%), Estonia (5.4%), Lithuania
and Hungary (both 4.4%). Compared with March 2011, annual inflation rose in
sixteen Member States, remained stable in two and fell in eight.
The lowest 12-month averages up to April 2011 were registered
in Ireland (-0.4%), Latvia (1.3%) and the Netherlands (1.4%), and the highest in
Romania (7.2%), Greece (5.0%) and Estonia (4.3%).
Eurozone: The main components with the highest annual
rates in April 2011 were transport (5.9%), housing (5.0%) and alcohol & tobacco
(3.4%), while the lowest annual rates were observed for communications (-0.9%),
recreation & culture (0.9%) and household equipment (1.0%). Concerning the
detailed sub-indices, fuels for transport (+0.56 percentage points), heating oil
(+0.21) and electricity (+0.12) had the largest upward impacts on the headline
rate, while telecommunications (-0.12), vegetables (-0.10) and rents (-0.09) had
the biggest downward impacts.
The main components with the highest monthly rates were clothing (2.6%),
transport (1.1%) and housing (0.6%), while the lowest were communications
(-0.4%), education (0.0%) and recreation & culture (0.1%). In particular,
garments (+0.11 percentage points), fuels for transport (+0.07) and air
transport (+0.06) had the largest upward impacts, while vegetables,
telecommunications and restaurants & cafés (-0.03 each) had the biggest downward