Euro Area Inflation Rate Confirmed at 1.2% in April


Euro area annual inflation was 1.2 percent in April 2013, down from 1.7 percent in March. A year earlier the rate was 2.6 percent. Monthly inflation was -0.1 percent in April 2013. European Union annual inflation was 1.4 percent in April 2013, down from 1.9 percent in March. A year earlier the rate was 2.7 percent. Monthly inflation was 0.0 percent in April 2013.

In April 2013, the lowest annual rates were observed in Greece (-0.6 percent), Latvia (-0.4 percent) and Sweden (0.0 percent), and the highest in Romania (4.4 percent), Estonia (3.4 percent) and the Netherlands (2.8 percent). Compared with March 2013, annual inflation fell in twenty-four Member States, remained stable in one and rose in one. The lowest 12-month average rates up to April 2013 were registered in Greece (0.4 percent), Sweden (0.8 percent) and Latvia (1.3 percent), and the highest in Hungary (4.6 percent), Romania (4.1 percent) and Estonia (4.0 percent). 
 
The largest upward impacts to euro area annual inflation came from electricity (+0.11 percentage points), meat and fruit (+0.07 each), while fuels for transport (-0.32), telecommunications (-0.19) and package holidays (-0.11) had the biggest downward impacts.

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
5/16/2013 10:06:21 AM