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July 18, 2017
EU AND EURO AREA CONSUMER PRICE INFLATION, JUNE 2017

In June, annual inflation was 1.3 per cent in the Euro Area and 1.4 per cent in the European Union, both decreases compared to last month. In May, annual inflation was 1.4 per cent in the Euro Area and 1.6 per cent in the EU.  In June 2016, inflation in both the Euro Area and the EU was 0.1 per cent.

The highest annual rates were recorded in Estonia (3.1%), Lithuania (3.5%), and Latvia (3.1%).  The lowest rates were registered in Ireland(-0.6%), Romania (0.7%), and Denmark (0.4%)

The largest upward impacts to euro area annual inflation came from package holidays, accommodations services, and tobacco. Telecommunication, bread and cereals, and social protection had the biggest downward impacts.

 

Source: Eurostat

 


Orange ClockFor More Information

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