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Consumer prices have stagnated in June

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Handel_2009-02-28_0131_(c) AndersLUXEMBOURG ( AP) – Consumer prices in the euro zone expected in June as stagnant in a single month . Such as Eurostat announced on Wednesday that consumer prices in the reporting month to the level of May. For the year to an inflation of 1.4 % was found . For the preliminary estimate was confirmed as expected by economists . (Photo : Anders)

Excluding energy and unprocessed food annual inflation was recorded at 0.9% , compared to the previous month showed here a change of plus 0.1%. The core rate ( excluding energy and without food, alcohol and tobacco) , the annual inflation set at 0.9 % in a single month , prices stagnated in this definition.
Thus , the inflation in the euro zone remains below the area of price stability norm of the European Central Bank ( ECB ) of " below but close to 2 % " inflation. In May , consumer prices over the previous year were 1.6% ( core rate : up 0.9 %) and increased compared to the previous month by 0.1 %.
The lowest annual rates were recorded in June in Ireland (down 2.0% ), Latvia (minus 1.6%) and the Netherlands ( up 0.2 %), the highest in Greece ( up 5.2 % ), Hungary (Plus 5.0% ) and Romania (up 4.3%). Compared to May 2010 , annual inflation fell in fifteen Member States, remained stable in four and rose in eight .
On average over the last twelve months, consumer prices rose in the euro zone by 0.7 % over the year. The lowest average values over twelve months up to June 2010 in Ireland ( -2.5 % ), Latvia (minus 1.6%) and Portugal ( minus 0.3%), and the highest for Hungary ( up 5.2 %) , Romania ( plus 4.6% ) and Poland reported ( plus 3.5%).
Biggest price driver in the euro zone were in the June Transport ( plus 3.9 % ) and alcohol and tobacco (up 3.7%). The main components with the lowest annual rates were observed for communications ( -1.1 % ), recreation and culture ( -0.2 % ) and food ( up 0.2 %).
Concerning the detailed sub -indices, fuels for transport ( plus 0.45 percentage points) , heating oil ( plus 0.17) and tobacco (up 0.10 ) had the largest upward impact on overall inflation, while gas , automobiles and telecommunications ( minus 0.09 per ) Had the biggest downward impacts.
The main components with the highest monthly rates were alcohol and tobacco ( +0.6 %) and hotels and restaurants (up 0.3 %). Those with the lowest rates were clothing ( -0.9 % ), transport and communications ( down 0.2 % each ).
In particular, fruit ( plus 0.04 percentage points ), tobacco , accommodation services and package holidays ( plus 0.02) had the largest upward impacts, while garments (at 0.06 ), vegetables and fuels for transport ( each minus 0.04) most downward impacts.

Website: www.epp.eurostat.ec.europa.eu
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