Euro Area Inflation Stable at 2.6 Percent in September


Euro area annual inflation was 2.6 percent in September 2012, unchanged compared with August. A year earlier the rate was 3.0 percent.

The main components with the highest annual rates in September 2012 were transport (4.8 percent), housing (4.1 percent) and alcohol & tobacco (4.0 percent), while the lowest annual rates were observed for communications (-3.3 percent), education (0.5 percent), household equipment and recreation & culture (both 1.1 percent). Concerning the detailed sub-indices, fuels for transport (+0.41 percentage points), electricity (+0.10), gas and heating oil (+0.09 each) had the largest upward impacts on the headline rate, while telecommunications  (-0.19), rents and cars (-0.07 each) had the biggest
downward impacts. 

The main components with the highest monthly rates were clothing (14.0 percent), household equipment and education (0.5 percent each), while the lowest monthly rates were observed for recreation & culture and hotels & restaurants (both -1.0 percent) and communications (-0.5 percent). In particular, garments (+0.66 percentage points), footwear (+0.14) and fuels for transport (+0.06) had the largest upward impacts, while package holidays (-0.16), accommodation services and air transport (-0.12 each) had the biggest downward impacts.

In September 2012, the lowest annual rates were observed in Greece (0.3 percent), Germany (2.1 percent) and France (2.2 percent), and the highest in Estonia (4.1 percent), Slovakia (3.8 percent) and Slovenia (3.7 percent).


TradingEconomics.com, Eurostat
10/16/2012 10:16:46 AM