April 2008
Euro area annual inflation down to 3.3%
EU down to 3.6%
Euro area1 annual inflation was 3.3% in April 20082, down from 3.6% in March. A year earlier the rate was 1.9%. Monthly inflation was 0.3% in April 2008.
EU3 annual inflation was 3.6% in April 2008, down from 3.8% in March. A year earlier the rate was 2.2%. Monthly inflation was 0.4% in April 2008.
These figures come from Eurostat, the Statistical Office of the European Communities.
Inflation in the EU Member States
In April 2008, the lowest annual rates were observed in the Netherlands (1.7%), Portugal (2.5%) and Germany (2.6%), and the highest in Latvia (17.4%), Bulgaria (13.4%) and Lithuania (11.9%). Compared with March 2008, annual inflation rose in eight Member States, remained stable in four and fell in fifteen.
The lowest 12-month averages4 up to April 2008 were registered in the Netherlands (1.7%), Malta (1.9%), Denmark, Sweden and the United Kingdom (2.2% each), and the highest in Latvia (13.0%), Bulgaria (10.1%) and Estonia (8.8%).
Euro area
The main components with the highest annual rates in April 2008 were food (6.0%), housing and transport
(4.8% each), while the lowest annual rates were observed for communications (-1.6%), recreation & culture (-0.4%) and clothing (0.8%). Concerning the detailed sub-indices, fuels for transport (+0.41 percentage points), heating oil (+0.25), milk, cheese & eggs (+0.24) and bread & cereals (+0.16) had the largest upward impacts on the headline rate, while cars (-0.16), telecommunications (-0.15) and garments (-0.14) had the biggest downward impacts.
The main components with the highest monthly rates were clothing (2.5%), housing (0.6%) and food (0.5%), and the lowest were recreation & culture (-1.6%), communications (-0.1%) and education (0.1%). In particular, garments (+0.11 percentage points), footwear (+0.04), heating oil, gas, vegetables and fuels for transport
(+0.02 each) had the largest upward impacts, while package holidays (-0.13), gardens, plants & flowers, accommodation services and telecommunications (-0.02 each) had the biggest downward impacts.
http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/08/67&format=PDF&aged=0&language=EN&guiLanguage=en
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