Be the first to comment!Euro area annual inflation down to 0.0% EU down to 0.7%
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Euro area annual inflation was 0.0% in May 2009, down from 0.6% in April. A year earlier the rate was 3.7%. Monthly inflation was 0.1% in May 2009.
EU annual inflation was 0.7% in May 2009, down from 1.3% in April. A year earlier the rate was 4.0%. Monthly inflation was 0.1% in May 2009.
In May 2009, the lowest annual rates were observed in Ireland (-1.7%), Portugal (-1.2%), Spain and Luxembourg (both -0.9%), and the highest in Romania (5.9%), Lithuania (4.9%) and Latvia (4.4%). Compared with April 2009, annual inflation fell in twenty-four Member States, remained stable in one and rose in one. Malta stood at 3.4%
The lowest 12-month averages up to May 2009 were registered in Portugal (1.3%), Ireland (1.5%) and Germany (1.8%), and the highest in Latvia (11.2%), Lithuania (9.3%) and Bulgaria (8.3%).
Euro area
The main components with the highest annual rates in May 2009 were alcohol & tobacco (3.3%), hotels & restaurants and miscellaneous goods & services (both 2.2%), while the lowest annual rates were observed for transport (-4.8%), communications (-1.0%) and housing (-0.1%). Concerning the detailed sub-indices, restaurants & cafés (+0.18 percentage points) and electricity (+0.12) had the largest upward impacts on the headline rate, while fuels for transport (-1.02) and heating oil (-0.44) had the biggest downward impacts.
The main components with the highest monthly rates were transport (0.5%) and communications (0.3%), while the lowest were recreation & culture (-0.4%) and health (-0.2%). In particular, fuels for transport (+0.08 percentage points) had the largest upward impact, while package holidays (-0.04) had the biggest downward impact.
