EU inflation rate at 0.3 pct. Eurozone at -0.3 pct. in December

NEWS IN ENGLISH

The annual inflation in the Eurozone stood at a negative 0.3 percent in December for the fourth consecutive month, a report published by the European Union's statistical office Eurostat revealed on Wednesday.  In the European Union, the figure stood at 0.3 percent, up by 0.2 percent month-on-month but down by 1.3 percent year-on-year.


The largest contribution to the annual rate in the euro area came from services, with the rate of 0.30 percent, and by food, alcohol, and tobacco with 25 percent. 


Meanwhile, non-energy industrial goods and energy made a negative contribution of negative 0.14 percent and negative 0.68 percent, respectively.


The lowest rates of negative 2.4 percent, negative 1.2 percent, and negative 1.0 percent were recorded in Greece, Slovenia, and Ireland, respectively. 


On the other hand, Poland, Hungary, and the Czech Republic saw the highest annual rise of, respectively, 3.4 percent, 2.8 percent, and 2.4 percent. On a monthly level, the inflation increased in ten member states, remained stable in eight, and decreased in nine.

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