| 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
Eurozone manufacturing growth continued in April
Economic sentiment declines in Eurozone in April; Germany/ France dips
More than one-in-five EU part-time workers underemployed; 29% in Ireland
Eurozone growth edges lower at start of second quarter
Global investors fear bond/ share bubbles as Faust stalks euro debtors' paradise
Germany and the structural decline in global trade - Part 2
German exporters facing strong headwinds despite a lower euro - Part 1
Two-thirds of new consumer products flop within 2 years in Germany
Greeks pay a lot of tax
IMF critical of Swiss franc-euro ceiling decision
Eurozone growth gathers momentum as manufacturing/ services PMI nears four-year high
Despite Eurozone recovery 1 in 10 will remain jobless
Big European banks reported improved performance in 2014
Long-term Euro Area growth prospects grim even at pre-crisis jobs/investment rates
Global investors paring back US share exposure; Skepticism on rise of European shares
Fall in collective bargaining main factor in rising German wage inequality
European Commission proposes transparency on tax rulings for multinational firms
Euro would survive Greek exit: Tsipras to visit Berlin/ Moscow
Greek court indicts 64 people including 13 Germans in Siemens bribery case
German exports fell by the largest amount in five months in January
China was EU's second biggest goods market in 2014; Germany accounted for 45% of exports
Eurozone services PMI rose for third straight month in February
Germany at full-employment: Lessons for low-pay US manufacturing
Automotive industry accounted for 18% of German goods exports in 2014
Eurozone unemployment slightly falls; Germany & Austria below 5%
Eurozone deflation risks receded in February
Eurozone manufacturing maintains modest growth in February
Greece's bailout extended for 4 months; IMF, ECB dissent
China's manufacturing PMI in slight rise in month of little activity
Growth in Europe stunted by capital shortage/ fragmentation
Growth of Eurozone business activity at seven-month high in February
Germany demands 3-sentence letter on bailout extension
Euro area growth up 0.3% in Q1 2014; Up 0.4% in EU28
German growth accelerated in Q4 2014; French GDP growth fell
Euro is a marriage with no divorce option
Chinese investment into Europe at record high; UK on top, Ireland hopes
German exports rose to new record in 2014
For first time since 2007 all EU economies to grow again this year
Eurozone service sector activity at 5-month high
Italy's SMEs poor exporters compared with counterparts in Germany, Spain