Euro area annual inflation was 1.3 percent in June 2017, down from 1.4 percent in May, Eurostat, the statistical office of the European Union informs. In June 2016 the rate was 0.1 percent. European Union annual inflation was 1.4 percent in June 2017, down from 1.6 percent in May. A year earlier the rate was 0.1 percent.
The same Eurostat data reveal that the lowest annual rates were registered in Ireland (- 0.6 percent), Denmark (0.4 percent) and Romania (0.7 percent). The highest annual rates were recorded in Lithuania (3.5 percent), Estonia and Latvia (both 3.1 percent).
As regards Romania, the data previously published by the National Institute of Statistics (INS) show that the annual inflation rate was 0.9 percent in June, over the forecast of the National Bank of Romania (BNR) of 0.6 percent
Compared with May 2017, annual inflation fell in eighteen Member States, remained stable in three and rose in six.
The largest upward impacts to the euro area annual inflation came from accommodation services (+0.08 percentage points), package holidays (+0.06 pp) and tobacco (+0.04 pp), while telecommunication (-0.10 pp), social protection (-0.04 pp) and bread & cereals (-0.03 pp) had the biggest downward impacts.