Eurozone’s inflation down to 0.3%

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The eurozone annual inflation was 0.3% in November 2014, down from 0.4% in October. A year earlier the rate was 0.9%, according to the latest data from Eurostat, the statistical office of the European Union.

Negative annual rates were observed in Bulgaria (-1.9%), Greece (-1.2%), Spain (-0.5%) and Poland (-0.3%). The highest annual rates in November were instead recorded in Romania and Austria (both 1.5%) and Finland (1.1%).

Compared with October 2014, annual inflation fell in sixteen member states, remained stable in five and rose in six, Eurostat also said.

According to the European Union’s statistical office, the largest upward impacts to eurozone annual inflation came from restaurants & cafés (+0.09 percentage points), rents (+0.08 pp) and tobacco (+0.06 pp), while fuels for transport (-0.22 pp), telecommunications and heating oil (-0.09 pp each) had the biggest downward impacts.

 

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