In December 2014, negative annual rates were observed in sixteen Member States. The lowest annual rates were registered in Greece (-2.5%), Bulgaria (-2.0%), Spain (-1.1 % ) and Cyprus (-1.0%), while the highest annual rates were recorded in Romania (1.0%), Austria (0.8%) and Finland (0.6%), according to Eurostat data.
In December, EU annual inflation was -0.1% while euro area annual inflation was -0.2% .
Romanian consumer prices fell 0.1% in December compared with the month earlier, similar with EU’s monthly inflation.
The country’s statistics institute INS showed Tuesday that consumer prices inched 0.1% lower on the month in December, due to a 0.5% drop in prices of non-food items, thus, Romania’s inflation fell to 0.8% in 2014, the lowest level in 30 years.