Annual inflation up to 1.5% in the euro area

18 December 2017

Euro area annual inflation was 1.5% in November 2017, up from 1.4% in October. In November 2016, the rate was 0.6%. European Union annual inflation was 1.8% in November 2017, up from 1.7% in October. A year earlier the rate was 0.6%.

The lowest annual rates were registered in Cyprus (0.2%), Ireland (0.5%) and Finland (0.9%). The highest annual rates were recorded in Estonia (4.5%), Lithuania (4.2%) and the United Kingdom (3.1%). Compared with October 2017, annual inflation fell in four Member States, remained stable in nine and rose in fifteen. The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.21 percentage points), heating oil (+0.07 pp) and milk, cheese & eggs (+0.05 pp), while telecommunication (-0.11 pp), garments (-0.07 pp) and social protection (-0.04 pp) had the biggest downward impacts.

Press release

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