Eurozone inflation down to -0.6%

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The eurozone annual inflation was -0.6% in January 2015, down from -0.2% in December, the Eurostat, the statistical office of the European Union, has revealed.

This was the lowest rate recorded since July 2009. In January 2014 the rate was 0.8%.

The lowest annual rates were registered in Greece (-2.8%) and Bulgaria (-2.3%). Positive annual rates were recorded in Malta (0.8%), Austria and Romania (both 0.5%), Sweden (0.4%) and the United Kingdom (0.3%). Compared with December 2014, annual inflation fell in almost all Member States, except Cyprus, Malta and Sweden.

The largest upward impacts to the eurozone inflation came from restaurants & cafés and rents (+0.14 percentage points each) and tobacco (+0.07 pp), while fuels for transport (-0.77 pp), heating oil (-0.24 pp) and telecommunications (-0.05 pp) had the biggest downward impacts.


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