Euro area annual inflation was 0.7% in April 2014, up from 0.5% in March. A year earlier the rate was 1.2%. Monthly inflation was 0.2% in April 2014. European Union annual inflation was 0.8% in April 2014, up from 0.6% in March. A year earlier the rate was 1.4%. Monthly inflation was 0.1% in April 2014.
In April 2014, negative annual rates were observed in Greece (-1.6%), Bulgaria (-1.3%), Cyprus (-0.4%), Hungary and Slovakia (both -0.2%), Croatia and Portugal (both -0.1%). The highest annual rates were recorded in Austria and Romania (both 1.6%), Finland (1.3%) and Germany (1.1%). Compared with March 2014, annual inflation fell in seven Member States, remained stable in four and rose in sixteen.
The largest upward impacts to euro area annual inflation came from package holidays (+0.09 percentage points), tobacco and electricity (+0.07 each), while fuels for transport (-0.18), telecommunications (-0.11) and vegetables (-0.08) had the biggest downward impacts.