Friday, January 16, 2015

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[IWS] Eurostat: ANNUAL INFLATION DOWN TO -0.2% IN THE EURO AREA [16 January 2015]

IWS Documented News Service

_______________________________

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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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

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

http://ec.europa.eu/eurostat/documents/2995521/6483802/2-16012015-AP-EN.pdf/b69dcfc9-4b9e-495a-b25b-84d93356b61a

[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 & caf├ęs 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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