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April 19, 2017
EU AND EURO AREA CONSUMER PRICE INFLATION, MARCH 2017

In March, annual inflation was 1.5 per cent in the Euro Area and 1.6 per cent in the European Union.  In February, annual inflation was 2.0 per cent in the Euro Area and 2.0 per cent in the EU.  In February 2016, inflation in the Euro Area and the EU was 0.0 per cent.

The highest annual rates were recorded in Latvia, Lithuania and Estonia.  The lowest rates were registered in Romania, Ireland, and the Netherlands.

The largest upward impacts to euro area annual inflation came from fuels for transport, heating oil, and vegetables. Telecommunication, package holidays, and garments had the biggest downward impacts.

 

Source: Eurostat

 


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William Steele
Senior Economist
Tel: 902-424-6131
Email: Bill.Steele@novascotia.ca