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For additional information relating to this article, please contact:

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

November 16, 2017
EU AND EURO AREA CONSUMER PRICE INFLATION, OCTOBER 2017

In October, annual inflation was 1.4 per cent in the Euro Area (down from 1.5 per cent last month) and 1.7 per cent in the European Union (down from 1.8 per cent last month). In October 2016, inflation in both the Euro Area and EU was 0.5 per cent.

The highest annual rates were recorded in Lithuania (4.2 per cent), Estonia (4.0 per cent), and the United Kingdom (3.0 per cent).  The lowest rates were registered in Cyprus (0.4 per cent), Ireland, Greece and Finland (all 0.5 per cent).

The largest upward impacts to euro area annual inflation came from fuels for transport, accommodation services, and milk, cheese and eggs. Telecommunication, garments and social protection showed the biggest downward impacts.

 

Source: Eurostat

 



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