Annual inflation down to 0.8% in the euro area and 1.2% in the EU
date: 24/10/2019
EU annual inflation was 1.2% in September 2019, down from 1.4% in August. A year earlier, the rate was 2.2%. These figures are published by Eurostat, the statistical office of the EU. The lowest annual rates were registered in Cyprus (-0.5%), Portugal (-0.3%), Greece, Spain and Italy (all 0.2%). The highest annual rates were recorded in Romania (3.5%), Slovakia (3.0%) and Hungary (2.9%). Compared with August, annual inflation fell in twenty Member States, remained stable in five and rose in two. In September, the highest contribution to the annual euro area inflation rate came from services (+0.66 percentage points, pp), followed by food, alcohol & tobacco (+0.29 pp), non-energy industrial goods (+0.06 pp) and energy (-0.18 pp).