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Europe Daily Bulletin No. 11647
ECONOMY - FINANCE - BUSINESS / Economy

Eurozone and EU inflation rate rises to 0.4% in September

The annual inflation rate in the eurozone and the European Union stood at 0.4% in September 2016, compared to 0.2% in August for the eurozone and 0.3% in the EU, according to figures published by the statistical office of the EU (Eurostat).

In September, negative annual rates were observed in 10 member states: Bulgaria (-1.1%), Croatia (-0.7%), Slovakia (-0.5%), Cyprus (-0.4%) Denmark and Ireland (-0.3%), Poland (-0.2%), and Greece, the Netherlands and Romania (-0.1%). Inflation was zero in Spain and low in Germany and in France (+0.5%). The highest annual rates were to be seen in Belgium (+1.8%), Estonia (+1.7%) and Austria (+1.1%).

Compared to August 2016, annual inflation was down in nine member states, unchanged in two and up in 16 others.

The greatest upwards impacts on the annual inflation rate of the eurozone came from restaurants and cafes (+0.08%) and rents and tobacco (+0.05%), whilst fuels for transport (-0.12%), gas (-0.11%) and heating oil (-0.10%) had the largest downwards impacts.  (Original version in French by Mathieu Bion)

Contents

ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
SECTORAL POLICIES
INSTITUTIONAL
COUNCIL OF EUROPE
NEWS BRIEFS
WEEKLY SUPPLEMENT