Euro Area Inflation Confirmed at 5-Year Low in July

[senheiser]

Euro Area Inflation Confirmed at 5-Year Low in July


In July, Euro Area annual inflation was 0.4 percent, down from 0.5 percent in June and 1.6 percent in July of 2013. This is the lowest annual inflation rate since October 2009.

Among the Euro Area member states negative annual rates were observed in Greece (-0.8%), Portugal (-0.7%), Spain (-0.4%) and Slovakia (-0.2%). The highest annual rates were recorded in Austria (1.7%), Luxembourg (1.2%), Finland (1%) and Germany (0.8%).

Cost of energy decreased by 1 percent and of food, alcohol and tobacco by 0.3 percent. Prices of services went up by 1 percent.
Core inflation rate increased by 0.8 percent.

The largest upward impacts to euro area annual inflation came from restaurants and cafés (+0.08 percentage points), rents (+0.06 pp) and maintenance of vehicles (+0.05 pp), while prices of fruit (-0.13 pp), vegetables and telecommunications (-0.11 pp each) had the biggest downward impacts.

Compared with June inflation was -0.7 percent.

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
8/14/2014 10:42:24 AM

 

[Echo_419]

Euro Area Inflation Confirmed at 5-Year Low in July


In July, Euro Area annual inflation was 0.4 percent, down from 0.5 percent in June and 1.6 percent in July of 2013. This is the lowest annual inflation rate since October 2009.

Among the Euro Area member states negative annual rates were observed in Greece (-0.8%), Portugal (-0.7%), Spain (-0.4%) and Slovakia (-0.2%). The highest annual rates were recorded in Austria (1.7%), Luxembourg (1.2%), Finland (1%) and Germany (0.8%).

Cost of energy decreased by 1 percent and of food, alcohol and tobacco by 0.3 percent. Prices of services went up by 1 percent.
Core inflation rate increased by 0.8 percent.

The largest upward impacts to euro area annual inflation came from restaurants and cafés (+0.08 percentage points), rents (+0.06 pp) and maintenance of vehicles (+0.05 pp), while prices of fruit (-0.13 pp), vegetables and telecommunications (-0.11 pp each) had the biggest downward impacts.

Compared with June inflation was -0.7 percent.

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
8/14/2014 10:42:24 AM

Lucky suckers

 

[senheiser]

Lucky suckers

its bad for them because they have huge amounts of debt

 

[Echo_419]

its bad for them because they have huge amounts of debt

Yes,but i am saying on a Indian View Point

 

[Schutz]

its bad for them because they have huge amounts of debt

Better than having huge amounts of poverty.