According to the data published by Eurostat and the National Institute of Statistics, euro area annual inflation was 2.6% in September 2012, unchanged compared with August 2012. A year earlier the rate was 3.0%. Monthly inflation was 0.7% in September 2012.
EU annual inflation was 2.7% in September 2012, unchanged compared with August 2012. A year earlier the rate was 3.3%. Monthly inflation was 0.6% in September 2012.
Inflation in the EU Member States
In September 2012, the lowest annual rates were observed in Greece (0.3%), Sweden (1.0%) and Latvia (1.9%), and the highest in Hungary (6.4%), Romania (5.4%) and Estonia (4.1%). Compared with August 2012, annual inflation rose in eleven Member States, remained stable in five and fell in ten.
The lowest 12 month averages4 up to September 2012 were registered in Sweden (0.9%), Greece (1.6%) and Ireland (1.9%), and the highest in Hungary (5.3%), Estonia (4.3%) and Poland (4.1%).
The main components with the highest annual rates in September 2012 were transport (4.8%), housing (4.1%) and alcohol & tobacco (4.0%), while the lowest annual rates were observed for communications (-3.3%), education (0.5%), household equipment and recreation & culture (both 1.1%). 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%), household equipment and education (0.5% each), while the lowest monthly rates were observed for recreation & culture and hotels & restaurants (both -1.0%) and communications (-0.5%). 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.
Source - Eurostat
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