Annual inflation dropped in the EU from 3.1% in June to 2.9% in July, while in Greece the decline was bigger. Inflation dropped to 2.1% from 3.1% in June and on a gradual monthly decline of 1.4 %, according to Eurostat’s official data.
In July 2011, the member countries with the lowest inflation rates were Ireland (1%), Slovenia (1.1%) and Sweden (1.6%), whereas countries with the highest inflation were Estonia (5, 3%), Romania (4.9%) and Lithuania (4.6%).
In the Eurozone, the largest annual rise in inflation experienced in July had transports (5.5%), residences (5%) and alcohol-tobacco (2.9%), while the weakest performance had clothing (-2.9% ), communications (-1.6%) and recreation-cultural activities (0.4%). Annual inflation in July fell to 2.5% in the Eurozone from 2.7% in June, while this time last year it was 1.7%. Monthly inflation fell by 0.6%.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
