ZAGREB, January 17th, 2018 – Annual inflation in both the European Union and euro area was down in December 2017 and similar trends were recorded in Croatia, according to preliminary figures released by Eurostat, the statistical office of the European Union, on Wednesday.
Consumer prices in the EU, measured by the Harmonised Index of Consumer Prices (HICP), were up 1.7% on the year in December 2017 and in November 2017 they were up 1.8%, according to Eurostat’s report.
Euro area annual inflation was 1.4% in December 2017, down from 1.5% in November.
The lowest annual rates were registered in Cyprus (-0.4%), Ireland and Finland (both 0.5%) and Denmark
The highest annual rates were recorded in Lithuania and Estonia (both 3.8%) and the United Kingdom
In Croatia, annual inflation in December 2017, measured by HICP, slowed down to 1.3% from 1.6% in the previous three months, Eurostat said.
Compared with November 2017, annual inflation fell in twenty-three member states, remained stable in four and rose in one.
Consumer prices in Croatia in December 2017 dropped by 0.3% from November 2017.