Euro area annual inflation was 1.7% in July 2010, up from 1.4% in June. A year earlier the rate was -0.6%. Monthly inflation was -0.3% in July 2010.

EU annual inflation was 2.1% in July 2010, up from 1.9% in June. A year earlier the rate was 0.2%. Monthly inflation was -0.2% in July 2010.

Inflation in the EU Member States

In July 2010, the lowest annual rates were observed in Ireland (-1.2%), Latvia (-0.7%) and Slovakia (1.0%), and the highest in Romania (7.1%), Greece (5.5%) and Hungary (3.6%). Compared with June 2010, annual inflation rose in nineteen Member States, remained stable in one and fell in six. Malta stood at 2.5%.

The lowest 12-month averages up to July 2010 were registered in Ireland (-2.4%), Latvia (-1.8%) and Portugal (0.0%), and the highest in Hungary (5.1%), Romania (4.8%) and Poland (3.3%). Malta stood at 0,9%,

Euro area

The main components with the highest annual rates in July 2010 were transport (4.5%), alcohol & tobacco (3.3%) and housing (2.7%), while the lowest annual rates were observed for communications (-0.8%), recreation & culture (-0.3%) and household equipment (0.5%). Concerning the detailed sub-indices, fuels for transport (+0.48 percentage points), heating oil (+0.17) and tobacco (+0.07) had the largest upward impacts on the headline rate, while telecommunications (-0.09) and cars (-0.07) had the biggest downward impacts.

The main components with the highest monthly rates were recreation & culture (1.2%), hotels & restaurants (1.1%) and transport (0.5%), while the lowest were clothing (-9.7%) and household equipment (-0.6%). In particular, package holidays (+0.15 percentage points) and accommodation services (+0.11) had the largest upward impacts, while garments (-0.51) and footwear (-0.12) had the biggest downward impacts.

These figures came from Eurostat, the statistical office of the European Union.

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