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Caspian Energy Journal Caspian European Club
Tuesday, 17 November 2015 12:00

Annual inflation up to 0.1% in the euro area

Euro area annual inflation was 0.1% in October 2015, up from -0.1% in September. In October 2014 the rate was 0.4%, Caspian Energy News (www.caspianenergy.net) reports with reference to Eurostat, the statistical office of the European Union.

According to the estimates of Eurostat, European Union annual inflation was 0.0% in October 2015, up from -0.1% in September. A year earlier the rate was 0.5%. In October 2015, negative annual rates were observed in thirteen Member States. The lowest annual rates were registered in Cyprus, Romania, Bulgaria, Slovenia and Spain. The highest annual rates were recorded in Malta, Belgium, Sweden, Austria and Portugal. Compared with September2015, annual inflation fell in four Member States, remained stable in seven and rose in sixteen. The largest upward impacts to euro area annual inflation came from vegetables, restaurants and cafés, and fruit, while fuels for transport, heating oil and gas had the biggest downward impacts.

 

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