Annual inflation in the euro area was 1.6 percent in June this year, up from 1.4 percent in May, according to a report released by Eurostat, the Statistical Office of the European Communities. In June 2012, the annual inflation rate was 2.4 percent. Meanwhile, monthly inflation was 0.1 percent in June of the current year.
Meanwhile, in the European Union (EU-27) annual inflation was 1.7 percent in June, up from the 1.6 percent recorded in May. In the same month of the previous year, the annual inflation rate in the EU-27 was 2.5 percent, while monthly inflation was 0.1 percent in June this year.
In June, annual inflation in the EU-27 fell in six states, rose in eighteen and remained stable in two, as compared with May of the current year. In June, the lowest annual inflation rates were observed in Greece (-0.3%), Latvia and Poland (both with -0.2%) and the highest in Romania (4.5%), Estonia (4.1%) and the Netherlands (3.2%). The lowest 12-month averages up to the end of June this year were registered in Greece (0.2%), Sweden (0.7%) and Latvia (0.9%), and the highest in Romania (4.5%), Hungary (4.0%) and Estonia (3.9%).