Bulgaria Records Highest Annual Deflation Levels in EU

The annual inflation in the Euro Area was 0.5% in June 2014, stable compared with May, data released by Eurostat,the statistical office of the European Union showed.

A year earlier the rate was 1.6%. The monthly inflation was 0.1% in June 2014. European Union annual inflation was 0.7% in June 2014, up from 0.6% in May. A year earlier the rate was 1.7%. The monthly inflation was 0.1% in June 2014.

In June 2014, negative annual rates were observed in Bulgaria (-1.8%), Greece (-1.5%), Portugal (-0.2%), Hungary and Slovakia (both -0.1%).

The highest annual rates were recorded in the United Kingdom (1.9%), Austria (1.7%) and Luxembourg (1.2%).

Compared with May 2014, annual inflation has dropped in ten Member States, remained stable in four and rose in fourteen, the Eurostat reports.