EU's annual inflation down to 1.8%

EU’s annual inflation down to 1.8%

Based on the data published by Eurostat, the annual inflation rate in Euro zone fell to 2% in the month of December, from the 2.2% level in November. The rate a year earlier was 2.3%. Moreover, annual inflation rate in the EU was down to 1.8% in December from the 2% of November data. According to figures released by EU statistics institution Eurostat, member countries which indicated the highest annual rates for December are; Greece with 3.1%, Ireland with 2.9% and Spain with 2.7%, whereas the lowest rates were seen in Germany with 1.1%, Denmark and Finland with 1.2% for each. Apart from the figures above, annual inflation in Switzerland rose from 0.5% in November to 0.6% in December while in the US annual inflation increased from 1.8% to 1.9%.