EU annual inflation one per cent in November 2013 – Eurostat

Written by on December 17, 2013 in Business - No comments

Euro area annual inflation was 0.9 per cent in November 2013, up from 0.7 per cent in October, EU statistics agency Eurostat said on December 17 2013. A year earlier the rate was 2.2 per cent. Monthly inflation was -0.1 per cent in November 2013.

European Union annual inflation was one per cent in November 2013, up from 0.9 per cent in October. A year earlier the rate was 2.4 per cent. Monthly inflation was -0.1 per cent in November 2013.

In November 2013, the lowest annual rates were observed in Greece (-2.9 per cent), Bulgaria (-1.0 per cent) and Cyprus (-0.8 per cent), and the highest in Estonia (2.1 per cent), Estonia (2.1 per cent), the United Kingdom (1.9 per cent) and Finland (1.8 per cent) and Germany (1.6 per cent). Compared with October 2013, annual inflation fell in 11 EU countries, remained stable in three and rose in 13.

The lowest 12-month average rates up to November 2013 were registered in Greece (-0.7 per cent), Latvia (0.2 per cent) and Sweden (0.5 per cent), and the highest in Romania (3.5 per cent), Estonia (3.4 per cent) and the Netherlands (2.7 per cent).

The largest upward impacts to euro area annual inflation came from electricity (+0.11 percentage points), accommodation services (+0.09) and tobacco (+0.08), while fuels for transport (-0.23), telecommunications (-0.14) and heating oil (-0.07) had the biggest downward impacts.

(Photo: Vangelis Thomaidis)

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