November 2009 - Euro area annual inflation up to 0.5%. EU up to 1.0%

Euro area annual inflation was 0.5% in November 2009, up from -0.1% in October. A year earlier the rate was 2.1%. Monthly inflation was 0.1% in November 2009.

EU annual inflation was 1.0% in November 2009, up from 0.5% in October. A year earlier the rate was 2.8%. Monthly inflation was 0.2% in November 2009.

These figures come from Eurostat, the Statistical Office of the European Communities.

Inflation in the EU Member States

In November 2009, the lowest annual rates were observed in Ireland (-2.8%), Estonia (-2.1%) and Latvia (-1.4%), and the highest in Hungary (5.2%), Romania (4.6%) and Poland (3.8%). Compared with October 2009, annual inflation fell in one Member State, remained stable in three and rose in twenty-three.

The lowest 12-month averages4 up to November 2009 were registered in Ireland (-1.4%), Portugal (-0.8%) and Spain (-0.2%), and the highest in Romania (5.7%), Lithuania (4.8%) and Latvia (4.2%).

Euro area

The main components with the highest annual rates in November 2009 were alcohol & tobacco (4.5%), miscellaneous goods & services (2.2%) and education (1.6%), while the lowest annual rates were observed for food (-1.2%), housing (-1.0%) and communications (-0.7%). Concerning the detailed sub-indices, tobacco (+0.13 percentage points), fuels for transport (+0.12) and rents (+0.08) had the largest upward impacts on the headline rate, while gas (-0.30), heating oil (-0.11), milk, cheese & eggs and cars (-0.09 each) had the biggest downward impacts.

The main components with the highest monthly rates were transport (0.7%), alcohol & tobacco (0.5%) and clothing (0.4%), while the lowest were communications (-0.5%), recreation & culture and hotels & restaurants (-0.4% each). In particular, fuels for transport (+0.12 percentage points), heating oil, tobacco and vegetables (+0.02 each) had the largest upward impacts, while accommodation services (-0.05), package holidays (-0.04), air transport (-0.03) and telecommunications (-0.02) had the biggest downward impacts.

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Euro area annual inflation was 0.0% in May 20092, down from 0.6% in April. A year earlier the rate was 3.7%. Monthly inflation was 0.1% in May 2009.

Euro area inflation

November 2009 - Euro area annual inflation up to 0.5%. EU up to 1.0%

Euro area annual inflation was 0.5% in November 2009, up from -0.1% in October. A year earlier the rate was 2.1%. Monthly inflation was 0.1% in November 2009.