Annual inflation in the European Union was 1.9 percent in June this year, down from two percent in May, according to a report released by Eurostat, the Statistical Office of the European Communities. In June 2009 the annual inflation rate was registered as 0.6 percent. Meanwhile, monthly inflation was zero percent in June this year.
In June, the lowest annual rates were observed in Ireland with -2 percent, in Latvia with -1.6 percent and in the Netherlands with 0.2 percent, and the highest were seen in Greece with 5.2 percent, in Hungary with five percent and in Romania with 4.3 percent. Compared with May, annual inflation in June fell in fifteen member states, remained stable in four and rose in eight.
The lowest 12-month averages up to June this year were registered in Ireland at -2.5 percent, in Latvia at -1.6 percent and in Portugal at -0.3 percent, and the highest were recorded in Hungary at 5.2 percent, in Romania at 4.6 percent and in Poland at 3.5 percent.