BRUSSELS, 18th August, 2016 (WAM) –The Euro area annual inflation was 0.2 percent in July 2016, up from 0.1 percent in June.
In July 2015 the rate was 0.2 percent. The European Union (EU) annual inflation was also 0.2 percent in July 2016, up from 0.1 percent in June. A year earlier the rate was 0.2 percent, according to figures released by Eurostat, the statistical office of the EU.
In July 2016, negative annual rates were observed in twelve member states. The lowest annual rates were registered in Bulgaria and Croatia (both -1.1 percent) and Slovakia (-0.9 percent). The highest annual rates were recorded in Belgium (2.0 percent), Sweden (1.1 percent) and Malta (0.9 percent). Compared with June 2016, annual inflation fell in nine member states, remained stable in seven and rose in twelve.
The largest upward impacts to euro area annual inflation came from restaurants and cafes (+0.11 percentage points), vegetables (+0.09 pp) and fruit (+0.08 pp), while fuels for transport (-0.46 pp), heating oil (-0.15 pp) and gas (-0.12 pp) had the biggest downward impacts.