Romania, the second negative inflation rate in the EU in February

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Last month, negative annual inflation rates were observed in fifteen Member States, Romania being the second. Thus, according to Eurostat, the statistical office of the European Union, the lowest annual rates were registered in Cyprus (- 2.2 percent) and Romania (-2.1 percent).

The highest annual rates were recorded in Belgium (1.1 percent), Austria and Malta (both 1.0 percent).

Euro area annual inflation was -0.2 percent in February 2016, down from 0.3 percent in January 2016. In February 2015 the rate was -0.3 percent. European Union annual inflation was also -0.2 percent in February 2016, down from 0.3 percent in January. A year earlier the rate was -0.3 percent.

The largest upward impacts to euro area annual inflation came from restaurants and cafes (+0.13 percentage points), rents (+0.08 pp) and fruit (+0.06 pp), while fuels for transport (-0.49 pp), heating oil (-0.24 pp) and gas (-0.10 pp) had the biggest downward impacts.

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