Euro Area Annual Inflation Stable at 1.9%


Euro area annual inflation was 1.9% in November 20102, unchanged compared with October. A year earlier the rate was 0.5%. Monthly inflation was 0.1% in November 2010.

EU annual inflation was 2.3% in November 2010, unchanged compared with October. A year earlier the rate was 1.0%. Monthly inflation was 0.2% in November 2010.

In November 2010, the lowest annual rates were observed in Ireland (-0.8%), Slovakia (1.0%) and the Netherlands (1.4%), and the highest in Romania (7.7%), Estonia (5.0%) and Greece (4.8%). Compared with October 2010, annual inflation rose in ten Member States, remained stable in five and fell in twelve.

The lowest 12-month averages up to November 2010 were registered in Ireland (-1.8%), Latvia (-1.5%) and Slovakia (0.6%) and the highest in Romania (5.8%), Hungary (4.8%) and Greece (4.5%).

Euro area

The main components with the highest annual rates in November 2010 were transport (3.8%), alcohol & tobacco (3.4%) and housing (3.3%), while the lowest annual rates were observed for communications (-0.8%), recreation & culture (0.0%) and household equipment (0.7%).

Concerning the detailed sub-indices, fuels for transport (+0.37 percentage points), heating oil (+0.13) and gas (+0.09) had the largest upward impacts on the headline rate, while telecommunications (-0.09) had the biggest downward impact.

The main components with the highest monthly rates were clothing (0.9%), alcohol & tobacco (0.5%) and food (0.4%), while the lowest were hotels & restaurants (-0.6%), recreation & culture (-0.5%) and communications (-0.2%). In particular, fuels for transport (+0.06 percentage points) and garments (+0.05) had the largest upward impacts, while accommodation services (-0.07) and package holidays (-0.05) had the biggest downward impacts.


TradingEconomics.com, Eurostat
12/17/2010 6:38:40 PM