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Euro area annual inflation up to 2.1%

16 Oct '07
2 min read

Euro area1 annual inflation was 2.1% in September 20072, up from 1.7% in August. A year earlier the rate was 1.7%. Monthly inflation was 0.4% in September 2007.

EU3 annual inflation was 2.2% in September 2007, up from 1.9% in August. A year earlier the rate was 1.9%. Monthly inflation was 0.4% in September 2007.

These figures come from Eurostat, the Statistical Office of the European Communities.

Inflation in the EU Member States:
In September 2007, the lowest annual rates were observed in Malta (0.9%), Denmark (1.2%) and the Netherlands (1.3%), and the highest rates in Latvia (11.5%), Bulgaria (11.0%) and Estonia (7.5%). Compared with August 2007, annual inflation rose in twenty-four Member States, remained stable in one and fell in one.

The lowest 12-month averages4 up to September 2007 were in Malta (0.4%), France and Finland (both 1.4%); the highest were in Latvia (8.2%), Hungary (7.8%) and Bulgaria (6.2%).

Euro area:
The main components with the lowest annual rates were observed for recreation & culture (0.2%) and clothing (0.9%).

The main components with the highest monthly rates were clothing (6.1%), education (1.0%) and the lowest were recreation & culture (-0.7%). In particular, garments (+0.29 percentage points) and footwear (+0.07) had the largest upward impacts.

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Eurostat

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