Prices in the Euro Area went up by 0.4 percent in October of 2014 compared with the same month a year earlier. The highest inflation rates were reported in Austria, Finland and Germany while Greece and Spain remained in deflation.
The largest upward pressure in the euro area annual inflation came from restaurants & cafés (+0.08 percentage points), rents (+0.07 pp) and tobacco (+0.05 pp), while fuels for transport (-0.17 pp), telecommunications (-0.10 pp) and heating oil (-0.09 pp) had the biggest downward impacts.
European Union annual inflation was 0.5% in October 2014, up from 0.4% in September. A year earlier the rate was 0.9%.
In October 2014, negative annual rates were observed in Greece (-1.8%), Bulgaria (-1.5%), Hungary and Poland (both -0.3%) and Spain (-0.2%). The highest annual rates were recorded in Romania (1.8%), Austria (1.4%) and Finland (1.2%).
Compared with September 2014, annual inflation fell in eight Member States, remained stable in three and rose in sixteen.
11/14/2014 11:04:59 AM