Today's figures from EUROSTAT- the EC statistical office in Luxembourg - indicate the near stability of Community inflation. Since the beginning of the year, the annual rate has remained between 3.6% and 3.3%.
IRELAND (1.3% August figure), the UNITED KINGDOM (1.4%) and DENMARK (1.5%) have the lowest rates. The current EC rate is the lowest since the 3.2% of spring 1988.
The European Union treaty, as one of the criteria of economic convergence, requires that annual inflation rates in Member States must not exceed by more than 1.5 percentage points the average of the three lowest rates. This was 1.4% in October. As the Treaty came into effect on 1 November, IRELAND, the UNITED KINGDOM, DENMARK, the NETHERLANDS, FRANCE and BELGIUM met this requirement (2.9%).