16 Jan 2015
Final Eurozone CPI at -0.2 percent, lowest since September 2009
FXStreet (London) - Final reading for Eurozone annual inflation came in at -0.2 percent in December 2014, down from 0.3 percent in November, according to Eurostat, the statistical office of the European Union.
This was the lowest rate recorded since September 2009.
In December 2013 the rate was 0.8 percent. European Union annual inflation was -0.1 percent in December 2014, down from 0.3 percent in November. A year earlier the rate was 1.0 percent.
In December 2014, negative annual rates were observed in sixteen Member States. The lowest annual rates were registered in Greece (-2.5 percent), Bulgaria (-2.0 percent), Spain (-1.1 percent) and Cyprus (-1.0 percent). The highest annual rates were recorded in Romania (1.0 percent), Austria (0.8 percent) and Finland (0.6 percent). Compared with November 2014, annual inflation fell in twenty-six Member States, remained stable in Sweden and rose in Estonia.
The biggest downward impacts on Eurozone annual inflation came from fuels for transport (-0.53 percentage points), heating oil (-0.17 percentage points) and telecommunications (-0.08 percentage points), while restaurants & cafés and rents (+0.11 percentage points each) and tobacco (+0.07 percentage points) had the largest upward impacts.
This was the lowest rate recorded since September 2009.
In December 2013 the rate was 0.8 percent. European Union annual inflation was -0.1 percent in December 2014, down from 0.3 percent in November. A year earlier the rate was 1.0 percent.
In December 2014, negative annual rates were observed in sixteen Member States. The lowest annual rates were registered in Greece (-2.5 percent), Bulgaria (-2.0 percent), Spain (-1.1 percent) and Cyprus (-1.0 percent). The highest annual rates were recorded in Romania (1.0 percent), Austria (0.8 percent) and Finland (0.6 percent). Compared with November 2014, annual inflation fell in twenty-six Member States, remained stable in Sweden and rose in Estonia.
The biggest downward impacts on Eurozone annual inflation came from fuels for transport (-0.53 percentage points), heating oil (-0.17 percentage points) and telecommunications (-0.08 percentage points), while restaurants & cafés and rents (+0.11 percentage points each) and tobacco (+0.07 percentage points) had the largest upward impacts.