Euro area annual inflation up to 1.6%

Euro area1 annual inflation was 1.6% in May 20102, up from 1.5% in April. A year earlier the rate was 0.0%. Monthly inflation was 0.1% in May 2010.

16 June 2010, 12:00am

1 min read

EU annual inflation was 2.0% in May 2010, unchanged compared with April. A year earlier the rate was 0.8%. Monthly inflation was 0.2% in May 2010.

These figures come from Eurostat, the statistical office of the European Union.

In May 2010, the lowest annual rates were observed in Latvia (-2.4%), Ireland (-1.9%) and the Netherlands (0.4%), and the highest in Greece (5.3%), Hungary (4.9%) and Romania (4.4%). Compared with April 2010, annual inflation fell in ten Member States, remained stable in five and rose in twelve.

The lowest 12-month averages up to May 2010 were registered in Ireland (-2.5%), Latvia (-1.2%) and Portugal
(-0.5%), and the highest in Hungary (5.1%), Romania (4.7%) and Poland (3.6%).