Eurozone annual inflation stable

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The eurozone annual inflation remained stable at 0.4% in August 2014 compared with July, according to the latest report from Eurostat, the statistical office of the European Union.

In August 2013 the rate was 1.3%, while monthly inflation was 0.1% in August 2014.

As Eurostat also reported, in August2014, negative annual rates were observed in Bulgaria(-1.0%), Spain (-0.5%), Estonia, Greece, Italy, and Slovakia (all -0.2%), Poland and Portugal (both -0.1%).

The highest annual rates were recorded in Austria and the United Kingdom (both 1.5%), Romania (1.3%) and Finland (1.2%). Compared with July2014, annual inflation fell in seventeen Member States, remained stable in two and rose in nine.

The largest upward impacts to eurozone annual inflation came from restaurants & cafés (+0.08 percentage points), rents (+0.07) and maintenance of vehicles (+0.05), while fuels for transport (-0.17), fruit (-0.12) and telecommunications (-0.11) had the biggest downward impacts.

Hamburg

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