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European Union Consumer Price Inflation Slowed
European Union consumer price inflation slowed to 0.3 percent in September 2020 from 0.4 percent in August.
Yazar: Tom Roberts
Yayınlanma: 16 Ekim 2020 21:59
Güncellenme: 7 Kasım 2024 05:01
European Union Consumer Price Inflation Slowed
The annual rate of decline in consumer prices in the euro area accelerated to 0.3 percent in September from 0.2 percent in August, as a quick estimate suggested. This was shown on Friday by updated data from the European statistical office Eurostat. In comparison, last September, the inflation rate in the region that adopted the euro was 0.8 percent. Across the European Union (EU), on the other hand, consumer price inflation slowed to 0.3 percent in September 2020 from 0.4 percent in August. A year ago, inflation in the EU reached 1.2 percent. Among the Member States of the Union, the lowest year-on-year inflation rates were recorded in Greece (-2.3 percent), Cyprus (-1.9 percent) and Estonia (-1.3 percent), the highest in Poland (3.8 percent), Hungary (3 , 4 percent) and the Czech Republic (3.3 percent). Compared with August, year-on-year inflation fell in 13 Member States, remained stable in seven and rose in seven. In terms of individual components, food, alcohol and tobacco prices contributed the most to the year-on-year inflation rate in the euro area in September, at 0.34 percentage point (pp), followed by service prices (0.24 percentage point). Prices of non-energy industrial products (-0.08 pp) and energy (-0.81 pp) had the largest negative impact.İLGİLİ HABERLER
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