Euro Area Inflation Rises Slightly in April


In April, Euro Area annual inflation rate was 0.7 percent, only slightly up from its 5-year low of 0.5 percent in March. A year earlier the rate was 1.2 percent.

The largest upward impacts to Euro Area annual inflation came from package holidays (+0.09 percentage points), tobacco and electricity (+0.07 each), while fuels for transport (-0.18), telecommunications (-0.11) and vegetables (-0.08) had the biggest downward impacts. 

Negative annual rates were observed in Greece (-1.6 percent), Bulgaria (-1.3 percemt), Cyprus (-0.4 percent), Hungary and Slovakia (both -0.2 percent), Croatia and Portugal (both -0.1 percent). The highest annual rates were recorded in Austria and Romania (both 1.6 percent), Finland (1.3 percent) and Germany (1.1 percent). Compared with March 2014, annual inflation fell in seven Member States, remained stable in four and rose in sixteen. 

Core inflation rate, which strips out prices of food, energy, alcohol and tobacco accelerated to 1 percent from 0.7 percent and monthly inflation was registered at 0.2 percent. 

Euro Area Inflation Rises Slightly in April


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
5/15/2014 10:17:41 AM