Euro area annual inflation was 0.5% in June2014, stable compared with May. A year earlier the rate was 1.6%. Monthly inflation was 0.1% in June2014.
European Union annual inflation was 0.7% in June2014, up from 0.6% in May. A year earlier the rate was 1.7%. Monthly inflation was 0.1% in June2014. These figures come from Eurostat, the statistical office of the European Union. Inflation is an increase in the general price level of goods and services.
In June2014, negative annual rates were observed in Bulgaria (-1.8%), Greece (-1.5%), Portugal (-0.2%), Hungary and Slovakia (both -0.1%). The highest annual rates were recorded in the United Kingdom (1.9%), Austria (1.7%) and Luxembourg (1.2%). Compared with May2014, annual inflation fell in ten Member States, remained stable in four and rose in fourteen.
The largest upward impacts to euro area annual inflation came from tobacco (+0.08 percentage points), restaurants & cafés (+0.07 pp) and rents (+0.06 pp), while vegetables (-0.14 pp), telecommunications and fruit (-0.11 pp each)had the biggest downward impacts.
In Malta, inflation stood at 0.7% in June, an increase over the previous month, when the rate was 0.4%. Inflation stood at 1.4% in March and 0.5% in April.
The twelve month average in June was 0.8% and the monthly rate was 1.2%.