Euro Area Annual Inflation Stable at 0.6%


Euro area annual inflation was 0.6% in April 2009, unchanged compared with March. A year earlier the rate was 3.3%.

Monthly inflation was 0.4% in April 2009.  EU annual inflation was 1.2% in April 2009, down from 1.3% in March. A year earlier the rate was 3.6%. Monthly inflation was 0.3% in April 2009.

In April 2009, the lowest annual rates were observed in Ireland (-0.7%), Portugal (-0.6%) and Luxembourg (-0.3%), and the highest in Romania (6.5%), Latvia and Lithuania (both 5.9%). Compared with March 2009, annual inflation fell in fifteen Member States, remained stable in four and rose in seven.

The lowest 12-month averages up to April 2009 were registered in Portugal (1.6%), Ireland (1.9%) and Germany (2.0%), and the highest in Latvia (12.4%), Lithuania (10.0%) and Bulgaria (9.2%).

The main components with the highest annual rates in April 2009 were alcohol & tobacco (3.3%) and hotels & restaurants (2.6%), while the lowest annual rates were observed for transport (-3.6%), communications (-1.6%), clothing and education (both 0.7%). Concerning the detailed sub-indices, restaurants & cafés and package
holidays (+0.15 percentage points each) and electricity (+0.11) had the largest upward impacts on the headline rate, while fuels for transport (-0.87) and heating oil (-0.35) had the biggest downward impacts.

The main components with the highest monthly rates were clothing (2.8%), transport (1.0%) and hotels & restaurants (0.6%), while the lowest were housing (-0.5%), food (-0.1%) and education (0.0%). In particular, garments (+0.13 percentage points), fuels for transport (+0.12) and footwear (+0.04) had the largest upward impacts, while gas (-0.13) had the biggest downward impact.


TradingEconomics.com, Eurostat
5/15/2009 9:16:10 AM