EU: Annual inflation at 1.2% in September

ISTANBUL

The European Union saw inflation of 1.2% this September, the union’s statistical authority announced on Wednesday.

Eurostat said the 28-member bloc’s annual inflation rate dropped from 2.2% in September 2018, while it was 1.4% in August.

The lowest annual rates were seen in Greek Cypriot administration of Southern Cyprus (with negative inflation of -0.5%), Portugal (-0.3%), Greece, Spain, and Italy (all 0.2%).

The highest annual rates were seen in Romania (3.5%), Slovakia (3%), and Hungary (2.9%), it said.

Meanwhile, the eurozone’s inflation rate was 0.8% in September, down from 2.1% in the same month last year.

Since 2014, the lowest annual inflation rate in the EU was posted in January 2015 at minus 0.5% — when prices were in fact dropping — and the highest was seen in October 2018, at 2.3%.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

AdvertisementThe new Emirates Premium Economy has arrived on the latest Emirates A380 Emirates Get the best value from your summer holiday with exclusive offers and discounts across Dubai and the UAE with Emirates Pass

What do you think?