OREANDA-NEWS. Euro area annual inflation was 0.1% in October 2015, up from -0.1% in September. In October 2014 the rate was 0.4%. European Union annual inflation was 0.0% in October 2015, up from -0.1% in September. A year earlier the rate was 0.5%. These figures come from Eurostat, the statistical office of the European Union.

In October 2015, negative annual rates were observed in thirteen Member States. The lowest annual rates were registered in Cyprus (-1.8%), Romania (-1.4%), Bulgaria (-1.2%), Slovenia (-1.1%) and Spain (-0.9%). The highest annual rates were recorded in Malta (1.6%), Belgium (1.2%), Sweden (0.9%), Austria and Portugal (both 0.7%). Compared with September 2015, annual inflation fell in four Member States, remained stable in seven and rose in sixteen.

The largest upward impacts to euro area annual inflation came from vegetables (+0.14 percentage points), restaurants & cafés (+0.10 pp) and fruit (+0.07 pp), while fuels for transport (-0.68 pp), heating oil (-0.22 pp) and gas (-0.09 pp) had the biggest downward impacts.