Euro area annual inflation down to 1.6%

Euro area1 annual inflation was 1.6% in August 20102, down from 1.7% in July. A year earlier the rate was -0.2%. Monthly inflation was 0.2% in August 2010.
EU3 annual inflation was 2.0% in August 2010, down from 2.1% in July. A year earlier the rate was 0.6%. Monthly inflation was 0.2% in August 2010.
These figures come from Eurostat, the statistical office of the European Union.

In August 2010, the lowest annual rates were observed in Ireland (-1.2%), Latvia (-0.4%) and Germany (1.0%), and the highest in Romania (7.6%), Greece (5.6%) and Hungary (3.6%). Compared with July 2010, annual inflation rose in ten, remained stable in nine and fell in eight Member States.
The lowest 12-month averages4 up to August 2010 were registered in Ireland (-2.3%), Latvia (-2.0%), Portugal and Slovakia (both 0.3%), and the highest in Hungary and Romania (both 5.0%) and Greece (3.5%).



News source: Eurostat link: publication