The FINANCIAL — Euro area annual inflation was 0.6% in November 2016, up from 0.5% in October.
In November 2015 the rate was 0.1%. European Union annual inflation was 0.6% in November 2016, up from 0.5% in October. A year earlier the rate was 0.1%. These figures come from Eurostat, the statistical office of the European Union.
In November 2016, negative annual rates were observed in six Member States. The lowest annual rates were registered in Bulgaria and Cyprus (both -0.8%). The highest annual rates were recorded in Belgium (1.7%), the Czech Republic (1.6%) and Austria (1.5%). Compared with October 2016, annual inflation fell in five Member States, remained stable in six and rose in seventeen.
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.07 percentage points), rents and tobacco (both +0.04 pp), while gas (-0.11 pp), heating oil (-0.05 pp) and package holidays (-0.04 pp) had the biggest downward impacts.