Annual inflation in the euro area went up to 1.5% in April from 1.4% in March, according to the HICP from Eurostat. The monthly rate was 0.5% in April 2010. EU annual inflation was up to 2% in April from 1.9% in March. Last year it was 1.3%. The monthly inflation rate was 0.4%.
At the national level, the lowest rate of HICP inflation was in Latvia with -2.8% and then Ireland with -2.5%. They were the only negative rates this month. The highest rates of inflation were in Hungary 5.7%, Greece 4.7% and Romania with an inflation rate of 4.2%.
The main components contributions were from energy 9.1%, transport 5.9% and alcohol and tobacco with 4.2%. The lowest contributions were from recreation and culture -1%, communications -0.6% and food with a negative percentage of 0.2%.
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