Friday, January 15, 2010

EU and Eurozone inflation up in December 2009

According to Eurostat, the statistical office of the European Union:


Inflation in December 2009:

EU:
1) annual inflation was 1.4% up 0.4 from 1.0% in November.
In December 2008 the rate was 2.2%.
2) Monthly inflation in December '09 was 0.2%

The annual average rate of inflation in 2009 was 1.0%, down from 3.7% in 2008.

Eurozone:
1) annual inflation was 0.9%, up 0.4 from 0.5% in November.
A year earlier the rate was 1.6%.
Monthly inflation was 0.3% in December 2009.

The annual average rate of inflation in 2009 was 0.3%, down from 3.3% in 2008.


Member States

In December 2009, the lowest annual rates were observed in Ireland (-2.6%), Estonia (-1.9%) and Latvia (-1.4%), and the highest in Hungary (5.4%), Romania (4.7%) and Poland (3.8%). Compared with November 2009, annual inflation rose in twenty Member States, remained stable in four and fell in two.

The lowest 12-month averages up to December 2009 were registered in Ireland (-1.7%), Portugal (-0.9%) and Spain (-0.3%), and the highest in Romania (5.6%), Lithuania (4.2%), Hungary and Poland (both 4.0%).

Analysis by product category in Eurozone:

The main components with the highest annual rates in December 2009 were alcohol & tobacco (4.8%), transport (3.5%) and miscellaneous goods & services (2.4%) , while the lowest annual rates were observed for food (-1.3%), communications (-0.8%) and housing (-0.3%) . Concerning the detailed sub-indices, fuels for transport (+0.42 percentage points) and tobacco (+0.13) had the largest upward impacts on the headline rate, while gas (-0.33) and cars (-0.10) had the biggest downward impacts.

The main components with the highest monthly rates were recreation & culture (2.0%) and hotels & restaurants (1.0%), while the lowest were clothing (-0.5%) and communications (-0.2%) . In particular, package holidays (+0.18 percentage points) and accommodation services (+0.08) had t he largest upward impacts, while fuels for transport and garments (-0.05 each) had the biggest downward impacts.

more

No comments:

Post a Comment

Hi there,

Feel free to comment.
Only suitable comments will be posted.
In EN, FR, GR, D, IT, SP, NL only (Use Google Translate otherwise SVP).

Thanks.
BRs
Nick

Share/Bookmark