| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Jan 18, 2012 - 8:29 AM


Eurozone annual inflation was 2.7% in December 2011 down from 3.0% in November
By Finfacts Team
Jan 17, 2012 - 3:23 PM

Email this article
 Printer friendly page

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, annual
inflation fell in twenty-one Member States, remained stable in two and rose in two.

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.

Eurozone The 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 impacts.

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 impact.

Check out our new subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone. 

Business executives who put a premium on time and value high quality information, should use our service.


© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
European government bond yields at historical lows; Dutch rate lowest in 500 years
German business confidence dropped in June to lowest level since October
Eurozone economic growth accelerated in July; France remained in red zone
France opens tax evasion probe of UBS; Swiss invite India to discuss tax dodger list
FDI into western Europe declined between March and May 2014
Eurozone annual inflation stable at 0.5% in June - down from 1.6% in 2013
Eurozone construction activity fell in May
Eurozone is recovering; Deep-seated obstacles to growth remain says IMF
German economic sentiment fell for seventh straight time in July 2014
Industrial production down by 1.1% in Eurozone and EU28 in May
French industrial production plummeted in May
Germany's exports, imports and industrial production fell in May
European industrialist urges ECB to tackle “crazy” strength of euro
Eurozone retail sales PMI flat in June as falls in France and Italy offset German gains
European Central Bank keeps rates unchanged
Business activity in the Eurozone service sector eased in June
France and Italy need to cut unit labour costs by 15% and 20% to match Spain and Slovenia
European Union and Switzerland bury "the hatchet" on corporate taxes
Eurozone unemployment at 11.6% in May; Lowest: Austria 4.7%, Germany 5.1%; highest: Greece 26.8%
Eurozone manufacturing output losing momentum; June regional easing, dips in France and Greece
Eurozone annual inflation at weak 0.5% in May; German retail sales fell in month
Eurozone's money supply and private credit slightly improved in May
Centenary of gunshots that ended 43 years of fragile European peace
US real consumer spending falls for second month in May
German consumer sentiment at highest in more than seven years
German Ifo business confidence index dipped in June
Eurozone growth weakest since December despite strengthening "periphery"
Irish prices 18% above EU average in 2013 despite lone fall in 2008-2012
German investor sentiment dipped to 18-month low in June
Debt-challenged Eurozone facing long period of low growth
Eurozone industrial production rebounded in April
Germany's goods exports grew strongly in April; French exports fell
Draghi announces extraordinary measures to head off deflation/ raise growth prospects
ECB cuts benchmark rate to 0.15% and deposit rate to -0.10%; Bank of England keeps rates on hold
Eurozone retail sales PMI was stagnant in May; Official data shows rise in April
ECB to act; German Bund yields near lowest since 1815 Battle of Waterloo
Eurozone unemployment fell slightly in April: Lowest in Austria at 4.9%, highest in Greece at 26.5%
Eurozone annual inflation falls to 0.5% in May
Eurozone manufacturing PMI falls as France contracts; Eases in Germany, Italy, Greece
Germany, UK and France are Europe's most popular locations for FDI