Economy
Eurozone annual inflation up to 0.7%, EU up to 0.8%
Eurozone annual inflation was 0.7% in April 2014, up from 0.5% in March. A year earlier the rate was 1.2%. Monthly inflation was 0.2% in April 2014. European Union annual inflation was 0.8% in April 2014, up from 0.6% in March. A year earlier the rate was 1.4%. Monthly inflation was 0.1% in April 2014. These figures come from Eurostat, the statistical office of the European Union.
In April 2014, negative annual rates were observed in Greece (-1.6%), Bulgaria (-1.3%), Cyprus (-0.4%), Hungary and Slovakia (both -0.2%), Croatia and Portugal (both -0.1%). The highest annual rates were recorded in Austria and Romania (both 1.6%), Finland (1.3%) and Germany (1.1%). Compared with March 2014, annual inflation fell in seven member states, remained stable in four and rose in sixteen.
The largest upward impacts to eurozone annual inflation came from package holidays (+0.09 percentage points), tobacco and electricity (+0.07 each), while fuels for transport (-0.18), telecommunications (-0.11) and vegetables.
(-0.08) had the biggest downward impacts.
Annual inflation (%) in April 2014, in ascending order
* Data for Austria are provisional. Data for the United Kingdom are for March 2014.
Inflation rates in %, measured by HICPs
|
Annual rate |
12 month average rate* |
Monthly rate |
|||||
|
Apr 14 |
Mar 14 |
Feb 14 |
Jan 14 |
Apr 13 |
Apr 14 |
Apr 14 |
|
|
Belgium |
0.9 |
0.9 |
1.0 |
1.1 |
1.1 |
1.1 |
-0.2 |
|
Germany |
1.1 |
0.9 |
1.0 |
1.2 |
1.1 |
1.4 |
-0.3 |
|
Estonia |
0.8 |
0.7 |
1.1 |
1.6 |
3.4 |
2.3 |
0.2 |
|
Ireland |
0.4 |
0.3 |
0.1 |
0.3 |
0.5 |
0.3 |
0.0 |
|
Greece |
-1.6 |
-1.5 |
-0.9 |
-1.4 |
-0.6 |
-1.2 |
0.4 |
|
Spain |
0.3 |
-0.2 |
0.1 |
0.3 |
1.5 |
0.8 |
0.6 |
|
France |
0.8 |
0.7 |
1.1 |
0.8 |
0.8 |
0.9 |
0.0 |
|
Italy |
0.5 |
0.3 |
0.4 |
0.6 |
1.3 |
0.8 |
0.5 |
|
Cyprus |
-0.4 |
-0.9 |
-1.3 |
-1.6 |
0.1 |
-0.4 |
0.7 |
|
Latvia |
0.8 |
0.3 |
0.5 |
0.5 |
-0.4 |
0.1 |
0.5 |
|
Luxembourg |
0.9 |
0.8 |
0.8 |
1.5 |
1.7 |
1.3 |
0.2 |
|
Malta |
0.5 |
1.4 |
1.6 |
0.9 |
0.9 |
0.8 |
1.9 |
|
Netherlands |
0.6 |
0.1 |
0.4 |
0.8 |
2.8 |
1.7 |
0.6 |
|
Austria |
1.6p |
1.4 |
1.5 |
1.5 |
2.1 |
1.8p |
0.1p |
|
Portugal |
-0.1 |
-0.4 |
-0.1 |
0.1 |
0.4 |
0.3 |
0.3 |
|
Slovenia |
0.5 |
0.6 |
0.2 |
0.9 |
1.6 |
1.3 |
0.5 |
|
Slovakia |
-0.2 |
-0.2 |
-0.1 |
0.0 |
1.7 |
0.7 |
0.0 |
|
Finland |
1.3 |
1.3 |
1.6 |
1.9 |
2.4 |
1.9 |
0.1 |
|
Eurozone |
0.7p |
0.5 |
0.7 |
0.8 |
1.2 |
1.0p |
0.2p |
|
Bulgaria |
-1.3 |
-2.0 |
-2.1 |
-1.4 |
0.9 |
-0.8 |
0.2 |
|
Czech Republic |
0.2 |
0.3 |
0.3 |
0.3 |
1.7 |
0.9 |
0.0 |
|
Denmark |
0.5 |
0.2 |
0.3 |
0.8 |
0.4 |
0.4 |
0.1 |
|
Croatia |
-0.1 |
-0.1 |
-0.2 |
0.4 |
3.1 |
1.1 |
0.5 |
|
Lithuania |
0.3 |
0.4 |
0.3 |
0.2 |
1.4 |
0.6 |
0.3 |
|
Hungary |
-0.2 |
0.2 |
0.3 |
0.8 |
1.8 |
1.0 |
-0.1 |
|
Poland |
0.3 |
0.6 |
0.7 |
0.6 |
0.8 |
0.6 |
0.1 |
|
Romania |
1.6 |
1.3 |
1.3 |
1.2 |
4.4 |
2.1 |
0.3 |
|
Sweden |
0.3 |
-0.4 |
0.1 |
0.2 |
0.0 |
0.3 |
0.4 |
|
United Kingdom5 |
: |
1.6 |
1.7 |
1.9 |
2.4 |
: |
: |
|
EU |
0.8p |
0.6 |
0.8 |
0.9 |
1.4 |
1.1p |
0.1p |
|
Iceland |
1.3 |
0.9 |
0.8 |
1.5 |
4.0 |
2.8 |
0.4 |
|
Norway |
1.5 |
1.8 |
1.9 |
2.1 |
1.8 |
2.2 |
0.3 |
|
Switzerland |
0.1 |
-0.1 |
-0.2 |
0.2 |
-0.4 |
0.1 |
0.1 |
Source: Eurostat p = provisional : = not available
* Average HICP of latest 12 months/average HICP of preceding 12 months.
Annual inflation (%) in the eurozone and European Union
Eurozone inflation rates in % for selected aggregates
|
Eurozone |
Weight (‰) |
Annual rate |
12-month |
Monthly |
||||
|
2014 |
Apr 14 |
Mar 14 |
Feb 14 |
Jan 14 |
Apr 13 |
Apr 14 |
Apr 14 |
|
|
All-items |
1000.0 |
0.7p |
0.5 |
0.7 |
0.8 |
1.2 |
1.0p |
0.2p |
|
All-items excluding: |
891.9 |
0.9p |
0.8 |
1.1 |
1.0 |
1.4 |
1.2p |
0.2p |
|
> energy, food, alcohol & tobacco |
694.4 |
1.0p |
0.7 |
1.0 |
0.8 |
1.0 |
1.0p |
0.3p |
|
> energy, unprocessed food |
817.1 |
1.1p |
0.9 |
1.1 |
1.0 |
1.1 |
1.1p |
0.2p |
|
> energy, seasonal food |
853.5 |
1.1p |
0.9r |
1.1 |
1.0 |
1.2 |
1.2p |
0.2p |
|
> tobacco |
976.1 |
0.6p |
0.4 |
0.6 |
0.7 |
1.1 |
0.9p |
0.2p |
|
Energy |
108.1 |
-1.2p |
-2.1 |
-2.3 |
-1.2 |
-0.4 |
-0.7p |
-0.1p |
|
Food, alcohol and tobacco |
197.6 |
0.7p |
1.0 |
1.5 |
1.7 |
2.9 |
2.2p |
-0.1p |
|
Non-energy industrial goods |
266.6 |
0.1p |
0.2 |
0.4 |
0.2 |
0.8 |
0.4p |
0.4p |
|
Services |
427.8 |
1.6p |
1.1 |
1.3 |
1.2 |
1.1 |
1.3p |
0.1p |
Source: Eurostat p = provisional r = revised
Sub-indices with largest impacts on eurozone annual inflation
|
Sub-index |
Weight (‰) |
Annual rate |
Impact (percentage points) |
|
|
2014 |
Apr 14 |
Apr 14 |
||
|
09.60 |
Package holidays |
17.1 |
8.1p |
0.09 |
|
02.20 |
Tobacco |
23.9 |
3.7p |
0.07 |
|
04.51 |
Electricity |
27.2 |
3.1p |
0.07 |
|
01.17 |
Vegetables |
15.6 |
-4.0p |
-0.08 |
|
08.2/3 |
Telecommunications |
29.0 |
-2.9p |
-0.11 |
|
07.22 |
Fuels for transport |
47.5 |
-2.7p |
-0.18 |
Source: Eurostat p = provisional
More information can be found in the HICP dedicated section on Eurostat’s website and in the Statistics Explained article on the inflation in the eurozone.
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