Euro Area Inflation Rate Confirmed at 0.3%

Consumer prices in the Eurozone increased 0.3 percent year-on-year in May of 2015, up from 0 percent in April and in line with flash estimates. It is the first increase in six months, final figures confirmed.

The largest upward impacts came from vegetables (+0.09 percentage points), restaurants & cafés (+0.08 pp) and tobacco (+0.07 pp), while fuels for transport (-0.34 pp), heating oil (-0.15 pp) and gas (-0.08 pp) had the biggest downward impacts.

On a monthly basis, consumer prices increased 0.2 percent, in line with market expectations.

In the European Union, annual inflation was also 0.3 percent in May 2015, up from 0.0 percent in April. Negative annual rates were observed in eight Member States. The lowest annual rates were registered in Cyprus (-1.7 percent), Greece (-1.4 percent) and Slovenia (-0.8 percent). The highest annual rates were recorded in Romania and Malta (both 1.3 percent) and Latvia (1.2 percent). 

Euro Area Inflation Rate Confirmed at 0.3%

Eurostat | Joana Taborda |
6/17/2015 10:13:15 AM