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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

December 18, 2017
EU AND EURO AREA CONSUMER PRICE INFLATION, NOVEMBER 2017

In November, annual inflation was 1.5 per cent in the Euro Area (up from 1.4 per cent last month) and 1.8 per cent in the European Union (up from 1.7 per cent last month). In November 2016, inflation in both the Euro Area and EU was 0.6 per cent.

The highest annual rates were recorded in Estonia (4.5 per cent), Lithuania (4.2 per cent), and the United Kingdom (3.1 per cent).  The lowest rates were registered in Cyprus (0.2 per cent), Ireland (0.5%), and Finland (0.9 per cent).

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

 

Source: Eurostat

 



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