[autom.vertaling] Augustus 2003 de jaarlijkse inflatie van de euro-Streek tot 2,1% (en)

EU15 up to 2.0%

Euro-zone annual inflation rose from 1.9% in July to 2.1% in August 2003^1,2, Eurostat - the Statistical Office of the European Communities in Luxembourg reports today. A year earlier the rate was 2.1%.

EU15 annual inflation was 2.0% in August 2003². A year earlier the rate was 1.9%.

EEA annual inflation was 2.0% in August 2003².

Inflation in Member States

In August, the highest annual rates were recorded in Ireland (3.9%), Greece (3.3%) and Spain (3.1%); the lowest rates were observed in Austria (0.9%), Germany (1.1%) and Finland (1.2%).

Compared with July 2003, annual inflation rose in seven Member States, fell in five, and remained stable in two. Compared with August 2002, the biggest relative falls were in Austria (2.1% to 0.9%), Denmark (2.4% to 1.5%) and Finland (1.8% to 1.2%) and the biggest relative rises were in the United Kingdom (1.0% to 1.4%), Sweden (1.7% to 2.2%) and Belgium (1.3% to 1.6%).

Lowest 12-month averages³ up to August 2003 were in Germany (1.0%), Belgium, Austria and the United Kingdom (1.4% each); highest were in Ireland (4.4%), Portugal (3.7%) and Greece (3.6%).

USA and Switzerland

In the USA annual inflation was 2.2% in August 2003 up from 2.1% in July 2003, and in Switzerland it rose from 0.3% in July 2003 to 0.5% in August 2003. These indices are not strictly comparable with EU harmonized indices.

Annual inflation (%) in August 2003 in ascending order

A

D

FIN

UK

DK

B

EU15

F

Euro-zone

S

L

I

P

E

EL

IRL

0.9p

1.1

1.2

1.4

1.5

1.6

2.0p

2.0p

2.1p

2.2

2.3

2.7p

2.9

3.1

3.3

3.9

Inflation rates in %, measured by HICPs

Table 1

'	'	'	Annual rates	'	'	12 Month Average Rates3	Monthly rates
'	Aug 03 Aug 02	Jul 03 Jul 02	Jun 03 Jun 02	May 03 May 02	Aug 02 Aug 01	Aug 03-02 Aug 02-01	Aug 03 Jul 03
Belgium	1.6	1.4	1.5	0.9	1.3	1.4	1.7
Germany	1.1	0.8	0.9	0.6	1.1	1.0	0.1
Greece	3.3	3.5	3.6	3.5	3.8	3.6	0.0
Spain	3.1	2.9	2.8	2.7	3.7	3.5	0.5
France	2.0p	1.9r	1.9	1.8	1.8	2.0p	0.3p
Ireland	3.9	3.9	3.8	3.9	4.5	4.4	0.6
Italy	2.7p	2.9	2.9	2.9	2.6	2.9p	-0.3p
Luxembourg	2.3	1.9	2.0	2.3	2.0	2.7	1.2
Netherlands2	:	2.1p	2.2r	2.3r	3.7r	:	:
Austria	0.9p	1.0	1.0	0.9	2.1	1.4p	0.2p
Portugal	2.9	2.9	3.4	3.7	3.9	3.7	0.1
Finland	1.2	1.0	1.2	1.1	1.8	1.5	0.2
Euro-zone (MUICP)2	2.1p	1.9p	1.9r	1.8r	2.1p	2.1p	0.2p
Denmark	1.5	1.8	2.0	2.1	2.4	2.4	-0.1
Sweden	2.2	2.4	2.0	2.0	1.7	2.1	-0.1
United Kingdom	1.4	1.3	1.1	1.2	1.0	1.4	0.4
EU15 (EICP)2	2.0p	1.8p	1.8p	1.7r	1.9p	2.0p	0.2p
Iceland	1.0	0.9	1.3	1.8	3.5	1.8	-0.4
Norway	2.0	1.2	1.5	1.8	1.1	2.3	0.4
EEA (EEAICP)2	2.0p	1.8p	1.8p	1.7r	1.9p	2.0p	0.2p

Source Eurostat  r = revised p = provisional : Data not available

Table 2

'	Weight used in 2003	'	'	Annual rates	'	'	12 Month Average Rates3	Monthly rates
Euro-zone MUICP2		Aug 03 Aug 02	Jul 03 Jul 02	Jun 03 Jun 02	May 03 May 02	Aug 02 Aug 01	Aug 03-02 Aug 02-01	Aug 03 Jul 03
00 All-items	1000.0	2.1p	1.9p	1.9r	1.8r	2.1p	2.1p	0.2p
01 Food	154.6	2.6p	2.3p	2.3p	1.6p	1.9p	1.7p	-0.1p
02 Alcohol and tobacco	38.4	5.3p	5.5p	5.4p	5.7r	4.4p	5.1p	0.1p
03 Clothing	75.7	0.3p	0.4p	1.1p	1.5p	1.7p	1.2p	-0.2p
04 Housing	149.4	2.5p	2.5p	2.5p	2.3p	1.1p	2.2p	0.2p
05 Household equipment	78.9	1.3p	1.3p	1.2r	1.3p	1.5p	1.4p	0.1p
06 Health	39.4	2.0p	2.1p	2.5p	2.5p	2.7p	2.5p	0.0p
07 Transport	152.8	2.1p	1.9p	1.5p	1.2p	2.3p	2.8p	0.6p
08 Communications	29.0	-0.5p	-0.5p	-0.6p	-0.5p	-0.1p	-0.5p	0.0p
09 Recreation and culture	97.1	0.2p	-0.4p	0.1p	-0.1p	1.3p	0.5p	0.3p
10 Education	9.2	3.8p	3.8p	3.7p	3.8p	4.0p	3.8p	0.0p
11 Hotels and restaurants	95.0	3.1p	2.9p	3.1p	3.1p	4.8p	3.7p	0.5p
12 Miscellaneous	80.5	2.4p	2.5p	2.8p	2.7r	2.9p	2.7p	0.1p
All-items excl. energy	917.5	2.0p	1.9p	2.0p	1.9p	2.4p	2.0p	0.1p
-excl. energy, FoodAlcTob*	724.5	1.7p	1.6p	1.8p	1.8p	2.4p	2.0p	0.1p
-excl. energy, unproc. food	841.7	1.9p	1.8p	2.0p	2.0p	2.5p	2.1p	0.1p
-excl. energy, seas. goods	879.8	1.9p	1.8p	1.9p	1.9r	2.4p	2.0p	0.2p
-excl. tobacco	977.2	1.9p	1.8p	1.8r	1.7p	2.1p	2.0p	0.2p
Energy	82.5	2.7p	2.0p	1.6p	0.6p	-0.3p	3.2p	1.0p
FoodAlcTob*	193.0	3.1p	3.0p	2.9r	2.4r	2.3p	2.4p	-0.1p

Source Eurostat * FoodAlcTob: Food, alcohol and tobacco r = revised p = provisional

BACKGROUND NOTES

Measures of inflation

The annual rate measures the price change between the current month and the same month of the previous year. This measure is responsive to recent changes in price levels but can be influenced by one-off effects in either month.

The 12-month average rate³ overcomes this volatility by comparing average Harmonized Indices of Consumer Prices (HICPs) in the latest 12 months to the average of the previous 12 months. This measure is less sensitive to transient changes in prices.

The monthly rate compares price levels between the two latest months. Although up-to-date, it can be affected by seasonal and other effects.

HICPs designed for international comparison

HICPs are harmonized inflation figures required under Article 121 of the Treaty of Amsterdam (109j of the Treaty on European Union). They are designed for international comparison of consumer price inflation. The focus is on quality and comparability among the indices of different countries as well as on their relative movements.

Price changes as measured by the HICPs, the Monetary Union Index of Consumer Prices (MUICP), the European Index of Consumer Prices (EICP) and the European Economic Area Index of Consumer Prices (EEAICP) are used as measures of inflation in the Member States, in the euro-zone, in the European Union, and in the European Economic Area.

The MUICP is used by, among others, the European Central Bank (ECB) as a main indicator for monetary policy management for the euro-zone⁴.

The Member States' HICPs are supplied by the National Statistical Institutes; the MUICP, EICP and EEAICP are compiled by Eurostat. The HICP is computed as an annual chain index allowing weights to be changed each year. HICP aggregates are calculated as weighted averages of the HICPs using the weights of the countries and sub-indices concerned. The weight of a country is its share of the household final monetary consumption expenditure in the euro-zone total. For the MUICP this is expressed in euro, for the EICP and the EEAICP it is expressed in purchasing power standards. The MUICP is treated as a single entity within the EICP and EEAICP starting from 1999.

Additional information

More information⁵ on HICPs can be obtained from the monthly publication Statistics in focus, Economy and Finance, Harmonized indices of consumer prices. About 100 MUICP, EICP, EEAICP and HICP sub-indices with corresponding weights are available on Eurostat's database NewCronos through Eurostat's Data Shop network.

Future release dates

Provisional publication dates for the coming months are:

Index for	MUICP flash estimates	News Release on MUICP, EICP and Member States
September 2003	30 September 2003	16 October 2003
October 2003	31 October 2003	18 November 2003
November 2003	28 November 2003	17 December 2003

The MUICP flash estimate for August 2003, published on 29 August 2003, was 2.1%.

The HICP data for the Netherlands for the period June 2002 to June 2003 have been revised and remain provisional. The revisions corrected for errors in the processing of scanner data for supermarket products. Since no Dutch HICPs are available for August 2003, euro-zone (MUICP), EU15 (EICP) and EEA (EEACIP) have been calculated using Eurostat estimates. The data for the Netherlands will be integrated in the Eurostat databases as soon as they are available.

The annual rates of change of the all-items HICP for the Netherlands were revised downwards by between 0.1 percentage points in June 2002 and a maximum of 0.4 percentage points in May 2003.

(See http://www.cbs.nl/en/publications/press-releases/2003/pb03e165.pdf).

The consequent downward impact on the all-items euro-zone (MUICP) has been of 0.1 percentage points in May and June 2003, and for the EU15 (EICP) of 0.1 percentage points in May 2003.

Measure used to determine price stability in Convergence reports of 1998 and 2000 by the Commission to the Council.

See ECB press release, 8 May 2003.

For technical notes on HICPs see: Eurostat News Release 21/97, 5 March 1997, Harmonizing the way EU measures inflation and Eurostat Memo 8/98, 4 May 1998, New monetary union index of consumer prices (MUICP), Eurostat Memo 02/00, 18 February 2000, Improved EU Harmonized Index of Consumer Prices: Extended coverage and earlier release dates for the HICP. Further details can be found in the Compendium of HICP reference documents (2/2001/B/5). All are available on Eurostat's Internet server.

Issued by: Eurostat Press Office Philippe BAUTIER, Tim ALLEN Louise CORSELLI and Aurora ORTEGA SANCHEZ BECH Building L-2920 LUXEMBOURG Tel: +352-4301-33 444 Fax: +352-4301-35 349 eurostat-pressoffice@cec.eu.int

For further information: Methodology: Carsten OLSSON BECH Building L-2920 LUXEMBOURG Tel: +352-4301-33 375 Fax: +352-4301-33 989 estat-hicp-methods@cec.eu.int Eurostat News Releases on the Internet: Eurostat Data Shop Network List of addresses: http://europa.eu.int/comm/eurostat/ Data Shop Services List of Data Shops

ANNEX

Inflation rates in %, measured by interim HICPs

Acceding countries

'	'	'	Annual rates	'	'	Monthly rates
'	Aug 03 Aug 02	Jul 03 Jul 02	Jun 03 Jun 02	May 03 May 02	Aug 02 Aug 01	Aug 03 Jul 03
Czech Republic	-0.2	-0.3	0.0	-0.3	0.2	-0.1
Estonia	1.4	0.9	0.4	0.7	2.7	0.0
Cyprus	2.4	2.6	3.7	4.9	4.1	0.6
Latvia	3.4	3.7	3.7	2.5	0.9	-1.1
Lithuania	-0.9	-0.8	-0.3	-0.8	-0.9	-0.7
Hungary	4.7	4.7	4.4	3.5	4.4	-0.3
Malta	:	:	:	:	:	:
Poland	0.6	0.7	0.6	0.3	1.4	-0.4
Slovenia	5.7	6.1	6.2	5.6	7.6	-0.2
Slovak Republic	9.5	8.9	8.7	7.8	2.7	1.1

Source: Eurostat : Data not available