Garments & footwear among lowest inflation rates in Euro Zone

16 Mar '06

2 min read

Euro-zone annual inflation was 2.3% in February 20061, down from 2.4% in January. A year earlier the rate was 2.1%.

Monthly inflation was 0.3% in February 2006. EU252 annual inflation was 2.2% in February 2006, the same as in January.

A year earlier the rate was 2.1%. Monthly inflation was 0.3% in February 2006. EICP3 annual inflation was 2.2% in February 2006.

These figures come from Eurostat, the Statistical Office of the European Communities.

Inflation in the Member States
In February 2006, the lowest annual rates were observed in Poland (0.9%), Sweden (1.1%), the Netherlands (1.4%) and Austria (1.5%), and the highest rates in Latvia (7.0%), Estonia (4.5%), Slovakia (4.3%) and Spain (4.1%).

Compared with January 2006, annual inflation rose in five Member States, remained stable in seven and fell in ten.
The lowest 12-month averages4 up to February 2006 were in Sweden (0.9%), Finland5 (1.0%), the Netherlands (1.5%) and Poland (1.7%); the highest were in Latvia (7.0%), Estonia (4.2%), Luxembourg (3.9%) and Spain (3.5%).

Euro-zone
The main components with the highest annual rates in February 2006 were housing (5.6%) and transport (4.9%), alcohol and tobacco, education, and hotels and restaurants (2.5% each), while the lowest annual rates were observed for communications (-3.3%), clothing (-0.7%) and recreation and culture (0.1%).

Concerning the detailed sub-indices, fuels for transport had the largest upward impact on the headline rate (+0.44 percentage points), followed by heating oil (+0.20) and gas (+0.17), while garments (-0.18) and telecommunications (-0.17) had the biggest downward impacts.

The main components with the highest monthly rates were recreation and culture (0.9%) and hotels and restaurants (0.6%), and the lowest were clothing (-0.7%) and communications (-0.1%).

In particular, package holidays (+0.05 percentage points), accommodation services and vegetables (+0.03 each) had the largest upward impacts, while garments (-0.04) and footwear (-0.03) had the biggest downward impacts.

Eurostat

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