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Eurozone annual inflation was 2.7% in December
2011 down from 3.0% in November. A year earlier the rate was 2.2%. Monthly
inflation was 0.3% in December 2011. EU27 annual inflation was 3.0% in
December 2011, down from 3.4% in November. A year earlier the rate was 2.7%.
The target rate of the European Central Bank is
"below but close to" 2%.
Monthly inflation was 0.3% in December 2011.
These figures come from Eurostat, the statistics office of the European Union.
Inflation in the EU member countries:
In December 2011, the lowest annual rates were
observed in Sweden (0.4%), Malta (1.3%) and Bulgaria (2.0%), and the highest in
Slovakia (4.6%), Poland (4.5%) and Cyprus (4.2%). Compared with November 2011,
inflation fell in twenty-one Member States, remained stable in two and rose in
The lowest 12-month averages up to December 2011
were registered in Sweden (1.4%), Slovenia and the Czech Republic (both
2.1%), and the highest in Romania (5.8%), Estonia (5.1%) and Latvia (4.2%).
Data for Ireland and the United Kingdom
for December 2011 were not available in time for publication. Estimates were used.
main components with the highest annual rates in December 2011 were housing
(4.9%), transport (4.3%) and alcohol & tobacco (3.8%), while the lowest
annual rates were observed for communications (-1.9%), recreation &
culture (0.6%) and education (0.9%). Concerning the detailed sub-indices, fuels
for transport (+0.30 percentage points), heating oil (+0.15), gas and
electricity (+0.12 each) had the largest upward impacts on the headline rate,
while telecommunications (-0.15) and vegetables (-0.12) had the biggest downward
The main components with the highest monthly
rates were recreation & culture (2.0%) and hotels & restaurants (1.0%), while
the lowest monthly rate was observed for clothing (-1.3%). In particular,
package holidays (+0.18 percentage points) and accommodation services (+0.07)
had the largest upward impacts, while garments (-0.10) had the biggest downward
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