EU annual inflation 0.6% in March 2014 – Eurostat

Written by on April 16, 2014 in Business - Comments Off on EU annual inflation 0.6% in March 2014 – Eurostat

 

Annual inflation in the European Union was 0.6 per cent in March 2014, down from 0.8 per cent in February. A year earlier the rate was 1.9 per cent. Monthly inflation was 0.7 per cent in March 2014.

Euro area annual inflation was 0.5 per cent in March 2014, down from 0.7 per cent in February. A year earlier the rate was 1.7 per cent. Monthly inflation was 0.9 per cent in March 2014.

These figures come from Eurostat, the statistical office of the European Union.

In March 2014, negative annual rates were observed in Bulgaria (-2 per cent), Greece (-1.5 per cent) and Cyprus (-0.9 per cent), Portugal and Sweden (both -0.4 per cent), Spain and Slovakia (both -0.2 per cent) and Croatia (-0.1 per cent).

Compared with February 2014, annual inflation fell in 18 member states, remained stable in three and rose in six.

The largest upward impacts to euro area annual inflation came from tobacco, restaurants and cafés (+0.08 each) and milk, cheese and eggs (+0.06), while fuels for transport (-0.24), telecommunications (-0.10) and heating oil (-0.06) had the biggest downward impacts.

(Photo: Sanja Gjenero/sxc.hu)

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