Manufacturing & Supply Chain

Ireland Records Lowest Annual Inflation in the Eurozone

 Breaking News

Ireland Records Lowest Annual Inflation in the Eurozone

Ireland Records Lowest Annual Inflation in the Eurozone
February 22
13:58 2017
Spread the love

Ireland’s annual inflation rate was recorded as 0.2% in January 2017, the lowest in the Euro Area which saw an inflation rate of 1.8% , up from 1.1% in December 2016, according to figures released by Eurostat, the statistical office of the European Union, on Wednesday.  In January 2016 the rate was 0.3%. European Union annual inflation was 1.7% in January 2017, up from 1.2% in December. A year earlier the rate was 0.3%.

In January 2017, the lowest annual rates were registered in Ireland (0.2%), Romania (0.3%) and Bulgaria (0.4%). The highest annual rates were recorded in Belgium (3.1%), Latvia and Spain (both 2.9%), and Estonia (2.8%). Compared with December 2016, annual inflation fell in two Member States and rose in twenty-six.

The largest upward impacts to euro area annual inflation came from fuels for transport (+0.50 percentage points), heating oil and vegetables (+0.14 pp each), while telecommunication (-0.09 pp), gas (-0.08 pp) and bread & cereals
(-0.05 pp) had the biggest downward impacts.

The full Eurostat figures can be accessed here.

About Author

editor

editor

Related Articles

Follow me on Twitter

New Subscriber

    Subscribe Here



    Advertisements































    National Manufacturing Conference & Exhibition 2020

    NIBRT Springboard Success Stories