20 Oct
inflation Eurostat

Annual inflation down to -0.3% in the euro area (Eurostat)

The euro area annual inflation rate was -0.3% in September 2020, down from -0.2% in August. A year earlier, the rate was 0.8%.

European Union annual inflation was 0.3% in September 2020, down from 0.4% in August. A year earlier, the rate was 1.2%.

These figures are published by Eurostat, the statistical office of the European Union.

Lowest annual rates

The lowest annual rates were registered in Greece (-2.3%), Cyprus (-1.9%) and Estonia (-1.3%). The highest
annual rates were recorded in Poland (3.8%), Hungary (3.4%) and Czechia (3.3%).

Compared with August, annual inflation fell in thirteen Member States, remained stable in seven and rose in seven.

In September, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.34 percentage points, pp), followed by services (+0.24 pp), non-energy industrial goods (-0.08 pp) and energy
(-0.81 pp).

About euro area

The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

By: Estela Martín

Linkedin TopVoices España 2020. DirCom & RSC en ...

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