Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more


  • Comment
Seven Member States under 2% ...
Seven Member States under 2%

EU annual inflation remained at a record low of 2.5% in July, the same as in June, with seven member states under 2%, according to todays data from Eurostat, the Statistical Office of the European Communities in Luxembourg.

The June and July rates are the lowest since Eurostat began compiling these figures in 1983 for what are now the present 15 member states. With the exception of earlier months this year, the previous low was 2.9% in January 1987. Inflation was 2.8% last January and 2.7% from February to May. In July last year inflation was 3.1%.

The data are based on Eurostat's current Consumer Price Index (CPI). See also the Interim Indices of Consumer Prices attached.

In July annual inflation was below the EU average in all but the four southern member states. Lowest rate was Finland's 0.5%, followed by Sweden's 0.6%. Luxembourg, Ireland, Germany, Austria and Belgium were all under 2%. Highest by far was Greece's 8.6%.

The EU figure compares with 3% the USA and 0.6% in Japan.

JULY RATES IN MEMBER STATES, in ascending order of inflation, with corresponding figures for a year earlier

July96/ July95/

July95 July94

Finland 0.5% 0.8%

Sweden 0.6% 2.9%

Luxembourg 1.3% 1.9%

Ireland 1.4%* 2.5%*

Germany 1.6% 1.8%

Austria 1.9%p 2.2%

Belgium 1.9% 1.2%

Netherlands 2.1% 1.8%

United Kingdom 2.2% 3.5%

Denmark 2.3% 1.8%

France 2.3% 1.5%

Italy 3.6%p 5.5%

Spain 3.7% 4.7%

Portugal 3.9% 3.7%

Greece 8.6% 8.9%

EU15 2.5%p 3.1%

-- The index for Ireland is quarterly; May 96/95 and August 95/94 p = provisional

Corresponding rates in some non-EU countries were: Japan +0.6% (+0.1%). Switzerland +0.7% (+2.0%). Canada +1.2% (+2.5%). Norway +1.3% (+2.4%). Iceland +2.4% (+1.4%) and the USA +3.0% (+2.8%).

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.