Eurostat: Inflation down to 1.6 % in EU
According to Eurostat, the European statistics office, annual inflation in the EU was 1.6% in May 2017, down from 2.0% in April 2017. For the euro area, the annual inflation rate was 1.4% in May 2017, down from 1.9% in April 2017.
In May 2017, the lowest annual rates were registered in Ireland (0.0%), Romania (0.5%), Denmark and the Netherlands (both 0.7%). The highest annual rates were recorded in Estonia (3.5%), Lithuania (3.2%) and the United Kingdom (2.9%). Compared with April 2017, annual inflation fell in twenty-four Member States, remained stable in one and rose in three. Austria currently has the sixth hightest inflation rate among EU member states at 2.1%, on a par with Hungary.
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