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Annual inflation down to 1.7 % in the EU in December 2018. Highest rates in Estonia and Romania

The euro area annual inflation rate was 1.6% in December 2018, down from 1.9% in November.

A year earlier, the rate was 1.4%. European Union annual inflation was 1.7% in December 2018, down from 2.0% in November.

A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the European Union, Eurostat informs on Thursday.

The lowest annual rates were registered in Greece and Portugal (both 0.6%) and Denmark (0.7%).

The highest annual rates were recorded in Estonia (3.3%), Romania (3.0%) and Hungary (2.8%).

Compared with November 2018, annual inflation fell in twenty-two Member States, remained stable in three and rose in three.

In December   2018, the   highest   contribution   to   the   annual euro   area inflation rate came from services (+0.58 percentage points, pp), followed by energy (+0.53 pp), food, alcohol & tobacco (+0.34 pp) and non-energy industrial goods (+0.12 pp).

 

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