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Euro area annual inflation down to 2.6%
EU down to 2.7%
Euro area1 annual inflation was 2.6% in April 2012, down from 2.7% in March2. A year earlier the rate was 2.8%. Monthly inflation was 0.5% in April 2012.
EU3 annual inflation was 2.7% in April 2012, down from 2.9% in March. A year earlier the rate was 3.3%. Monthly inflation was 0.5% in April 2012.
These figures come from Eurostat, the statistical office of the European Union.
Inflation in the EU Member States
In April 2012, the lowest annual rates were observed in Sweden (1.0%), Greece (1.5%), Ireland and Romania (both 1.9%), and the highest in Hungary (5.6%), Estonia (4.3%), the Czech Republic and Poland (both 4.0%). Compared with March 2012, annual inflation fell in sixteen Member States and rose in ten.
The lowest 12-month averages4 up to April 2012 were registered in Sweden (1.2%), Ireland (1.5%) and Slovenia (2.2%), and the highest in Estonia (4.8%), Hungary (4.4%) and Slovakia (4.2%).
Euro area
The main components with the highest annual rates in April 2012 were alcohol & tobacco (4.7%), transport (4.3%) and housing (3.9%), while the lowest annual rates were observed for communications (-3.1%), education (0.7%) and recreation & culture (0.8%). Concerning the detailed sub-indices, fuels for transport (+0.34 percentage points), gas (+0.12), tobacco and electricity (+0.08 each) had the largest upward impacts on the headline rate, while telecommunications (-0.18), cars and rents (-0.07 each) had the biggest downward impacts.
The main components with the highest monthly rates were clothing (2.3%), transport (0.8%) and hotels & restaurants (0.6%), while the lowest monthly rates were observed for communications (-0.7%), education (-0.2%) and food (0.0%). In particular, garments (+0.10 percentage points) and fuels for transport (+0.05) had the largest upward impacts, while telecommunications and vegetables (-0.04 each) had the biggest downward impacts.