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Inflation hovers below EU average, Eurostat figures show

Malta's 1 per cent rate is the same as that of a year ago

Photo: Shutterstock

Photo: Shutterstock

Inflation in June sat slightly below the European Union and Eurozone averages of 1.3 and 1.4 per cent respectively, new figures from Eurostat show. 

Malta's 1 per cent rate put the country at the lower end of the EU inflation table, with just eight member states registering a lower annual rate. 

The local rate remained unchanged from June 2016, when it also stood at 1 per cent. Conversely, average inflation across the Eurozone as a whole rose from a negligible 0.1 per cent rate in June 2016, fuelled by the European Central Bank's stimulative monetary policy, to 1.3 per cent. That is still lower than the 2 per cent rate the Eurozone reached in February of this year.   

The lowest annual rates were registered in Ireland (-0.6%), Denmark (0.4%) and Romania (0.7%). The highest annual rates were recorded in Lithuania (3.5%), Estonia and Latvia (both 3.1%). Compared with May 2017, annual inflation fell in eighteen Member States, remained stable in three and rose in six.

 

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