January 17, 2019EU AND EURO AREA CONSUMER PRICE INFLATION, DECEMBER 2018 AND 2018 ANNUAL In December, the year-over-year inflation rate slowed to 1.7 per cent in the European Union and to 1.6 per cent in the Euro Area.
Among member states, the fastest year-over-year inflation was reported in Estonia and Romania, while the lowest inflation was reported in Denmark, Portugal and Greece.
December food price inflation remained at 1.3 per cent (year-over-year) in both the European Union and the Euro Area.
Energy inflation also slowed with the year-over-year inflation rate falling to 5.1 per cent in the European Union and to 5.4 per cent in the Euro Area.
Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation is much more subdued in Europe - rising by 1.1 per cent for the European Union and by 1.0 per cent for the Euro Area.
ANNUAL
In 2018, prices were up 1.9 per cent over 2017 in the EU, and were 1.7% higher than 2017 in the Euro Area. Prices in Nova Scotia and Canada are 2.3 per cent higher in the first 11 months of 2018 compared with the first 11 months of 2017. Note: Annual Consumer Price Index levels will be released for NS and Canada on January 18th, 2019.
Source: Eurostat-News Release