Money Buzz! Europa

Tag: inflation

  • Inflation decreased to 0.7% in May 2020 in Austria

    Inflation decreased to 0.7% in May 2020 in Austria

    In May 2020, the inflation rate was 0.7%, as Statistics Austria reports (April 2020: 1.5%). Significantly lower prices for fuels were mainly responsible for the decrease of the May inflation rate.

    Moreover, the price increases for food diminished and garments became cheaper.

    “Housing, water and energy” (+2.2% compared to May 2019) remained the most important price driver.

    The index level of the consumer price index 2015 (CPI 2015) was 107.4 in May 2020. Compared to the previous month, the average price level decreased by 0.6%.

  • Annual inflation down to 0.3% in the euro area

    Annual inflation down to 0.3% in the euro area

    In April 2020, a month marked by COVID-19 containment measures in all countries, the euro area annual inflation rate was 0.3%, down from 0.7% in March. A year earlier, the rate was 1.7%.

    European Union annual inflation was 0.7% in April 2020, down from 1.2% in March. A year earlier, the rate was 1.9%.

    These figures are published by Eurostat, the statistical office of the European Union.

    The lowest annual rates were registered in Slovenia (-1.3%), Cyprus (-1.2%), Estonia and Greece (both -0.9%).

    The highest annual rates were recorded in Czechia (3.3%), Poland (2.9%) and Hungary (2.5%). Compared with March, annual inflation fell in twenty-six Member States and remained stable in one.

    In April, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.67 percentage points, pp), followed by services (+0.52 pp), non-energy industrial goods (+0.09 pp) and energy (-0.97 pp).

  • Bulgaria: Annual average inflation in the last 12 months was 3.0%

    Bulgaria: Annual average inflation in the last 12 months was 3.0%

    The annual average inflation in Bulgaria, measured by CPI (consumer price index), in the last 12 months (May 2019 – April 2020) compared to the previous 12 months (May 2018 – April 2019) was 3.0%.

    In April 2020 compared to the previous month the prices of goods and services in the main consumer groups changed as follows:

    • Food and non-alcoholic beverages – an increase of 0.9%;
    • Alcoholic beverages and tobacco – an increase of 0.1%;
    • Clothing and footwear – an increase of 6.3%;
    • Housing, water, electricity, gas and other fuels – a decrease of 2.1%;
    • Furnishings, household equipment and routine maintenance of the house – a decrease of 0.1%;
    • Health – an increase of 0.3%;
    • Transport – a decrease of 6.8%;
    • Communications – a decrease of 0.2%;
    • Recreation and culture – a decrease of 3.6%;
    • Education – the prices remained at the level of the previous month;
    • Restaurants and hotels – an increase of 0.1%;
    • Miscellaneous goods and service – an increase of 0.5%.
  • Annual inflation rate reached 2.1% in Slovakia, in April

    Annual inflation rate reached 2.1% in Slovakia, in April

    In April 2020, the annual inflation rate measured by the harmonized index of consumer prices reached 2.1%, latest data from the Statistical Office of Slovakia show.

    The average annual inflation rate (expressed as the change in the average harmonized index of consumer prices over the last 12 months compared with the average of the previous 12 months) was 2.9 % in April 2020.

    The month-on-month harmonized index of consumer prices of 99.9% was most affected by lower prices in the division Transport (negative contribution -0.29 percentage points); of which the development of fuel prices was responsible for the decline by -0.27 pp.

    The decrease in prices in the division Alcoholic beverages and tobacco is responsible for the negative contribution of -0.04 pp, caused mainly by a decrease in prices of spirits (contribution -0.03 pp).

    The highest positive contribution in the index was recorded in the division Food and non-alcoholic beverages – 0.14 pp, of which increase of food made up 0.15 pp (increase in prices of vegetables 0.10 pp, fruits 0,03 pp and bread and cereals 0.03 pp) and decrease of non-alcoholic beverages: -0.01 pp.

    In the division of Clothing and footwear, there is a seasonal character, which was taken into account when choosing the method of imputation of uncollected prices, while the total contribution to the aggregate index was 0.07 pp.

    The contributions of other divisions reached from -0.02 pp to 0.03 pp.

  • Austria: Inflation decreased to 1.5% in April 2020

    Austria: Inflation decreased to 1.5% in April 2020

    In April 2020, the inflation rate was 1.5%, as Statistics Austria reports (March 2020: 1.6%). Lower prices for fuels were mainly responsible for the decrease of the April inflation rate.

    Price increases for housing, water and energy (+2.3% compared to April 2019) remained the most important price driver, followed by those for food (+2.6%).

    The index level of the consumer price index 2015 (CPI 2015) was 108.1 in April 2020. Compared to the previous month, the average price level remained unchanged with ±0.0%.

    The index level of the harmonised index of consumer prices (HICP 2015) was 108.75 in April 2020, with the harmonised inflation rate amounting to 1.5%.