Euro-Area and EU Inflation Flat in April (FXE)

Euro area annual inflation was 0.0 percent in April 2015, up from -0.1 percent in March. In April 2014 the rate was 0.7 percent. European Union annual inflation was also 0.0 percent in April 2015, up from -0.1 percent in March. A year earlier the rate was 0.8 percent. These figures come from Eurostat, the statistical office of the European Union.

In April 2015, negative annual rates were observed in twelve Member States. The lowest annual rates were registered in Greece (-1.8 percent), Cyprus (-1.7 percent), Bulgaria and Poland (both -0.9 percent). The highest annual rates were recorded in Malta (1.4 percent) and Austria (0.9 percent). Compared with March 2015, annual inflation fell in nine Member States, remained stable in one and rose in seventeen.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.10 percentage points), rents (+0.08 pp) and vegetables (+0.07 pp), while fuels for transport (-0.42 pp), heating oil (-0.17 pp) and gas (-0.07 pp) had the biggest downward impacts.

*** Initial inflation estimates were at 0.0 percent and core inflation at a gain of 0.6 percent.

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