World Bulletin / News Desk
Consumer prices in the European Union rose by 1.7 percent on a yearly basis in December 2017, according to Eurostat on Wednesday.
Last month, the annual inflation rate went down by 0.1 percentage point from 1.8 percent in November. The EU's annual inflation rate was 1.2 percent in December 2016.
Among the EU28, a fall in consumer prices was only observed in the Greek Cypriot Administration (down 0.4 percent) while the lowest annual increases were recorded in Finland and Ireland with a 0.5 percent rise each. The highest rises were seen in Estonia and Lithuania with a 3.8 percent hike each.
Compared with November 2017, annual inflation fell in 23 member states, remained stable in four and rose in one, Eurostat said.
Last month, food prices -- including alcohol and tobacco -- and energy prices experienced a higher annual increase compared to general prices -- 2.7 and 3 percent, respectively.
Over the past 10 years, the highest annual inflation rate in the EU was seen in July 2008, with a 4.4 percent rise. The lowest level was recorded in January 2015, at minus 0.5 percent, marking a fall in prices instead of an increase.
Borsa Istanbul releases integrated annual report for first time
Turkey has served as main route for refugees trying to cross into Europe
Turkish Central Bank fixes foreign exchange rates for rediscount credits repayments
Indices for service, retail trade, construction sectors fall in current month compared with April: Official data
Thanks to advances in shale gas production, notably in the northeast, America has been the world's largest natural gas producer since 2009 and extracted two billion cubic meters per day in 2017.
BIST 100 climbs 0.64 pct while USD/TRY exchange rate stands at 4.7805
Ankara vows to reach 2018 budget targets, says finance minister
American Commerce Secretary Wilbur Ross announced Wednesday he had initiated a so-called Section 232 investigation on auto trade after speaking with President Donald Trump on the matter.
BIST 100 climbs more than 1,100 points; foreign currency exchange rates drop against lira
BIST 100 index goes down 1.39 percent at close; Turkish lira continues to decline against other currencies
Salt Lake storage facility aims to have capacity of 5.4 billion cubic meters by 2023
BIST 100 falls 0.50 percent; US dollar/Turkish lira exchange rate stands at 4.7560
Treasury reports central government debt stock in April rises 15.8 pct year-on-year, reaching $226.8 billion
Trade Commissioner Cecilia Malmstrom spoke ahead of talks of the EU's 28 trade ministers to discuss an attempt to woo the US away from punishing steel and aluminium tariffs and win Europe a similar break as handed China.