Euro Area Inflation Stable At 0.5%

The euro area annual inflation rate in June 2014 was stable compared with May at 0.5% according to Eurostat. The European Union annual inflation ratio increased to 0.7% from 0.6% in May. Monthly inflation in the euro area and the wider European Union was 0.1% in June. The UK recorded the highest inflation rate in June with 1.9%.

European Inflation 0.9%

Euro area annual inflation was 0.7% in October down from 1.1% in September 2013 while European Union inflation was 0.9% down from 1.3%. Euro area monthly inflation was -0.1% in October and monthly inflation in the European Union as a whole was -0.1% in October.

GDP Stable in Europe In First Quarter

GDP remained stable in Europe in the first quarter of the year according to figures from Eurostat, the statistical office of the European Union. Growth rates for the fourth quarter of 2011 were 0.3% in both zones. Compared to the figures for 1st quarter of 2011 GDP decreased by 0.1% in the euro area and 0.1% in the EU27. In the same period 2011 GDP grew by 0.7% and 0.8% respectively.

UK Inflation Highest In Europe

Euro area annual inflation was unchanged from October at 3% in November. Monthly inflation was 0.1%. EU annual inflation was also unchanged from October at 3.4%. Monthly inflation was 0.2%.

The lowest annual rates among member states were in Sweden (1.1%), Malta (1.5%) and Ireland (1.7%). The highest inflation rates in November were in Slovenia and the UK (both 4.8%).

MUICP Is 1.5% For April 2010

Euro area inflation is expected to be 1.5% in April from 1.4% in March according to Eurostat, the statistical office of the European Union. Euro inflation is measured by the Monetary Union Index of Consumer Prices (MUICP).