Bulgaria Posts EU's Largest Annual Deflation Rate in September

Euro area annual inflation was 0.3% in September 2014, down from 0.4% in August which is the lowest rate recorded since October 2009, according to Eurostat statistics.

The European Union annual inflation was 0.4% in September 2014, down from 0.5% in August. This is the lowest rate recorded since September 2009. In September 2013 the rate was 1.3%. The monthly inflation was 0.3% in September 2014, data released by the statistical office of the European Union shows.

In September 2014, negative annual rates were observed in Bulgaria (-1.4%), Greece (-1.1%), Hungary (-0.5%), Spain (-0.3%), Poland (-0.2%), Italy, Slovenia and Slovakia (all -0.1%). The highest annual rates were recorded in Romania (1.8%), Finland (1.5%) and Austria (1.4%).

Compared with August 2014, the annual inflation fell in seventeen Member States, remained stable in two and rose in nine. The largest upward impacts to euro area annual inflation came from restaurants and cafés (+0.09%), rents (+0.07%) and maintenance of vehicles (+0.05%), while fuels for transport (-0.21%), telecommunications (-0.12%) and gas (-0.08%) had the biggest downward impacts.