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Caspian Energy Journal Caspian European Club
Thursday, 20 December 2018 15:00

Inflation down to 2.0% in the EU

Inflation down to 2.0% in the EU

The euro area annual inflation rate was 1.9% in November 2018, down from 2.2% in October. A year earlier, the rate was 1.5%. European Union annual inflation was 2.0% in November 2018, down from 2.2% in October. A year earlier, the rate was 1.8%, Caspian Energy News (www.caspianenergy.net) reports with reference to the figures published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Denmark (0.7%), Ireland (0.8%) and Portugal (0.9%). The highest annual rates were recorded in Estonia, Hungary and Romania (all 3.2%). Compared with October 2018, annual inflation fell in twenty-five Member States, remained stable in one and rose in one.

In November 2018, the highest contribution to the annual euro area inflation rate came from energy

(+0.88 percentage points), followed by services (+0.57 pp), food, alcohol & tobacco (+0.38 pp) and non-energy industrial goods (+0.11 pp).

More details: https://ec.europa.eu/eurostat/documents/2995521/9450383/2-17122018-AP-EN.pdf/692be29f-8c6f-4324-b5eb-3f544521bf0a

Person in charge of the newsline: Olga Nagiyeva 

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