Mubasher: The annual inflation in the Euro area reached 1.5% in September 2017, compared to 0.4% in the comparative period of 2016.
In the meantime, the European Union’s (EU) annual inflation increased to 1.8% in September from 1.7% in August, according to a data released by the Eurostat, the EU’s statistical office.
Cyprus, Ireland, and Finland registered the lowest annual inflation rates with 0.1%, 0.2%, and 0.8%, respectively, the data showed.
Meanwhile, the highest inflation rates per year were achieved in Lithuania, Estonia, and Latvia, which reached 4.6%, 3.9%, and 3.0%, respectively, the Eurostat revealed.
The EU’s statistical office data showed that the inflation rates rose annually in 11 EU member states, stablised in seven states, and dropped in nine.
“The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.20 percentage points), restaurants & cafés (+0.15 pp) and tobacco (+0.10 pp),” the Eurostat unveiled.
“Social protection (-0.05 pp), telecommunication (-0.04 pp) and vegetables (-0.02 pp) had the biggest downward impacts,” it concluded.
