European Union Annual Inflation, January 2017, Eurostat

Page created: Wednesday, 22 February 2017 10:34GMT | Updated: Wednesday, 22 February 2017 10:35GMT

Press Release:  22 February 2017 - 4 Page(s)
Euro Area  European Union  HICP   Inflation

Annual inflation up to 1.8% in the euro area

Up to 1.7% in the EU

Euro area annual inflation was 1.8% in January 2017, up from 1.1% in December 2016. 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%. These figures come from Eurostat, the statistical office of the European Union.

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.

Original title:  Annual inflation up to 1.8% in the euro area

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