Reading support:
The statistic shows the inflation rate in the Euro area from May 2012 to May 2013. The term inflation means the devaluation of money caused by a permanent increase of the price level for products (consumer goods, investment goods). The Consumer Price Index shows the price development for private expenses and shows the current level of inflation when increasing. In May 2013, the inflation rate in the Euro area reached 1.4 percent compared to the same month of the previous year.