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For additional information relating to this article, please contact:

William Steele Senior Economist
Tel: 902-424-6131Email: Bill.Steele@novascotia.ca

August 17, 2017
EU AND EURO AREA CONSUMER PRICE INFLATION, JULY 2017

In July, annual inflation was 1.3 per cent in the Euro Area and 1.5 per cent in the European Union, both stable from the month previous. In June, annual inflation was 1.3 per cent in the Euro Area and 1.5 (revised data) per cent in the EU.  In July 2016, inflation in both the Euro Area and the EU was 0.2 per cent.

The highest annual rates were recorded in Lithuania (4.1%), Estonia (3.9%), and Latvia (2.6%) and the UK (2.6%).  The lowest rates were registered in Ireland (-0.2%), Cyprus (-0.1%), Bulgaria and Finland (both 0.6%). 

The largest upward impacts to euro area annual inflation came from accommodations services, package holidays, and air transport. Telecommunication, vegetables, and fruit had the biggest downward impacts.

 

Source: Eurostat

 



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