Annual inflation falls to 1.0% in the euro area

Date: September 18, 2019

In August 2019, the euro area annual inflation rate was 1.0%, stable compared to July. Compared to the previous year, the rate was 2.1%. Additionally, the European Union annual inflation was reported at 1.4% in August 2019, stable compared to July. Compared to the previous year, the rate was 2.2% according to the statistical office of the European Union (Eurostat).

Portugal (-0.1%), Greece (0.1%) and Spain (0.4%) registered the lowest annual rates. Additionally, the highest annual rates were recorded in Romania (4.1%), Hungary (3.2%), the Netherlands and Latvia (both 3.1%). In comparison with July 2018, annual inflation fell in nine Member States, remained stable in six and rose in twelve.

The highest contribution to the annual euro area inflation rate in August 2019 came from; services (+0.60 percentage points, pp), food, alcohol & tobacco (+0.40 pp), non-energy industrial goods (+0.08 pp) and energy (-0.06 pp).


Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.