Euro Area Inflation up to 2.8% in April


Euro area 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.

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 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 impacts.


TradingEconomics.com, Eurostat
5/16/2011 6:16:44 PM