Friday, January 16, 2015
Tweet[IWS] Eurostat: ANNUAL INFLATION DOWN TO -0.2% IN THE EURO AREA [16 January 2015]
IWS Documented News Service
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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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European Commission
Eurostat
Press Release 16 January 2015
December 2014
Annual inflation down to -0.2% in the euro area
Down to -0.1% in the EU
[full-text, 3 pages]
Euro area1 annual inflation was -0.2% in December 20142, down from 0.3% in November. This was the lowest rate
recorded since September 2009. In December 2013 the rate was 0.8%. European Union1 annual inflation was -0.1% in December 2014, down from 0.3% in November. A year earlier the rate was 1.0%. These figures come from Eurostat, the statistical office of the European Union.
In December 2014, negative annual rates were observed in sixteen Member States. The lowest annual rates were
registered in Greece (-2.5%), Bulgaria (-2.0%), Spain (-1.1%) and Cyprus (-1.0%). The highest annual rates were
recorded in Romania (1.0%), Austria (0.8%) and Finland (0.6%). Compared with November 2014, annual inflation
fell in twenty-six Member States, remained stable in Sweden and rose in Estonia.
The biggest downward impacts on euro area annual inflation came from fuels for transport (-0.53 percentage
points), heating oil (-0.17 pp) and telecommunications (-0.08 pp), while restaurants & cafés and rents (+0.11 pp
each) and tobacco (+0.07 pp) had the largest upward impacts.
Includes CHARTS & TABLES.....
See INFLATION IN THE EURO AREA
http://ec.europa.eu/eurostat/statistics-explained/index.php/Inflation_in_the_euro_area
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