Annual inflation down to 0.8% in the euro area

16 October 2019

The euro area annual inflation rate was 0.8% in September 2019, down from 1.0% in August. European Union annual inflation was 1.2% in September 2019, down from 1.4% in August.

The lowest annual rates were registered in Cyprus (-0.5%), Portugal (-0.3%), Greece, Spain and Italy (all 0.2%). The highest annual rates were recorded in Romania (3.5%), Slovakia (3.0%) and Hungary (2.9%). Compared with August, annual inflation fell in twenty Member States, remained stable in five and rose in two.

In September, the highest contribution to the annual euro area inflation rate came from services (+0.66 percentage points, pp), followed by food, alcohol & tobacco (+0.29 pp), non-energy industrial goods (+0.06 pp) and energy (-0.18 pp).

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