Euro area annual inflation was 1.9% in November 2006, up from 1.6% in October. A year earlier the rate was 2.3%. Monthly inflation was 0.0% in November 2006. EU25 annual inflation was 2.1% in November 2006, up from 1.8% in October. A year earlier the rate was 2.3%. Monthly inflation was 0.1% in November 2006. EICP annual inflation was 2.1% in November 2006.
These figures come from Eurostat, the Statistical Office of the European Communities.
Inflation in the Member States
In November 2006, the lowest annual rates were observed in Malta (0.9%), the Czech Republic (1.0%), Cyprus, Poland and Finland (1.3% each), and the highest rates in Hungary (6.4%), Latvia (6.3%) and Estonia (4.7%). Compared with October 2006, annual inflation rose in twenty-two Member States and fell in two.
The lowest 12-month averages3 up to November 2006 were in Poland (1.2%), Finland (1.3%) and Sweden (1.5%); the highest were in Latvia (6.6%) and Estonia and Slovakia (4.3% each).
The main components with the highest annual rates in November 2006 were housing (3.6%), education (3.5%) and food (3.1%), while the lowest annual rates were observed for communications (-2.7%), recreation and culture
(-0.1%) and transport (0.8%). Concerning the detailed sub-indices, gas (+0.14 percentage points) had the largest upward impact on the headline rate, followed by vegetables (+0.10), while fuels for transport (-0.18) and telecommunications (-0.14) had the biggest downward impacts.
The main components with the highest monthly rates were clothing (0.5%) and food (0.4%), and the lowest were recreation and culture (-0.7%) and communications (-0.4%). In particular, vegetables and garments (both +0.03 percentage points) had the largest upward impact, while package holidays (-0.07) had the biggest downward impact, followed by accommodation services, heating oil and fuels for transport (-0.03 each).