Annual inflation in the euro area slowed down to 2.3%, as it was expected Friday, September 15, 2006
The data on annual inflation in the euro area (harmonized consumer price index), published today by Eurostat, the Statistical Office of the European Communities, absolutely justified the expectations.
The harmonized consumer price index rose in July by 0.1% in a month, compared with the reduction by 0.1% in July. The annual inflation amounted to 2.3% in August, having narrowed from 2.4% in July.
The major sectors, where the harmonized consumer price index substantially increased, were hotel and restaurant business (0.3%), clothes (0.2%), housing (0.2%) and recreation (0.2%). Consumer prices for fruit, transport fuel and telecommunications dropped.
The harmonized consumer price index rose in July by 0.1% in a month, compared with the reduction by 0.1% in July. The annual inflation amounted to 2.3% in August, having narrowed from 2.4% in July.
The major sectors, where the harmonized consumer price index substantially increased, were hotel and restaurant business (0.3%), clothes (0.2%), housing (0.2%) and recreation (0.2%). Consumer prices for fruit, transport fuel and telecommunications dropped.
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