The FINANCIAL — Euro area annual inflation was 0.1% in August 2015, down from 0.2% in July. In August 2014 the rate was 0.4%. European Union annual inflation was 0.0% in August 2015, down from 0.2% in July. A year earlier the rate was 0.5%. These figures come from Eurostat, the statistical office of the European Union.
In August 2015, negative annual rates were observed in eleven Member States. The lowest annual rates were registered in Cyprus (-1.9%), Romania (-1.7%) and Lithuania (-1.0%). The highest annual rates were recorded in Malta (1.4%), Austria (0.9%) and Belgium (0.8%). Compared with July 2015, annual inflation fell in fourteen Member States, remained stable in four and rose in ten.
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.10 percentage points), vegetables (+0.09 pp) and tobacco (+0.08 pp), while fuels for transport (-0.55 pp), heating oil (-0.25 pp) and milk, cheese & eggs (-0.07 pp) had the biggest downward impacts.
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