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Eurozone annual inflation down to 1.3%, EU down to 1.5%

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Eurostat_logo_RGB_60Eurozone annual inflation was 1.3% in August 20132, down from 1.6% in July. A year earlier the rate was 2.6%. Monthly inflation was 0.1% in August 2013.

European Union annual inflation was 1.5% in August 2013, down from 1.7% in July. A year earlier the rate was 2.7%. Monthly inflation was 0.1% in August 2013.

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

In August 2013, the lowest annual rates were observed in Greece (-1.0%), Bulgaria (-0.7%) and Latvia (-0.1%), and the highest in Estonia (3.6%), the Netherlands (2.8%) and Romania (2.6%). Compared with July 2013, annual inflation fell in twenty-four Member States and remained stable in three. The lowest 12-month average rates up to August 2013 were registered in Greece (-0.1%), Latvia and Sweden (both 0.7%), and the highest in Romania (4.4%), Estonia (3.8%) and Croatia (3.5%).

The largest upward impacts to euro area annual inflation came from fruit (+0.12 percentage points), electricity and tobacco (+0.10 each), while fuels for transport (-0.26), telecommunications (-0.18) and medical & paramedical services (-0.08) had the biggest downward impacts.

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