Euro area annual inflation was 1.9% in October 20102, up from 1.8% in September. A year earlier the rate was -0.1%. Monthly inflation was 0.4% in October 2010. EU annual inflation was 2.3% in October 2010, up from 2.2% in September. A year earlier the rate was 0.5%. Monthly inflation was 0.3% in October 2010. These figures come from Eurostat, the statistical office of the European Union.
In October 2010, the lowest annual rates were observed in Ireland (-0.8%), Latvia (0.9%) and Slovakia (1.0%), and the highest in Romania (7.9%), Greece (5.2%) and Estonia (4.5%). Compared with September 2010, annual inflation rose in fifteen Member States, remained stable in six and fell in five. The lowest 12-month averages4 up to October 2010 were registered in Ireland (-1.9%), Latvia (-1.8%) and Slovakia (0.5%) and the highest in Romania (5.5%), Hungary (4.9%) and Greece (4.3%).
The main components with the highest annual rates in October 2010 were transport (4.3%), alcohol & tobacco (3.4%) and housing (3.2%), while the lowest annual rates were observed for communications (-1.1%), recreation & culture (0.1%) and clothing (0.4%). Concerning the detailed sub-indices, fuels for transport (+0.44 percentage points), heating oil (+0.14) and gas (+0.08) had the largest upward impacts on the headline rate, while telecommunications (-0.10) and garments (-0.09) had the biggest downward impacts. The main components with the highest monthly rates were clothing (3.3%), education (0.6%) and housing (0.4%), while the lowest were communications (-0.3%), recreation & culture and hotels & restaurants (0.0% each). In particular, garments (+0.16 percentage points) and footwear (+0.04) had the largest upward impacts, while package holidays (-0.03) had the biggest downward impact.
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