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Inflation rate in the European Union and the Euro area from 2004 to 2014 (compared to the previous year)

 EUEuro area
2004 2.3% 2.18%
2005 2.27% 2.18%
2006 2.29% 2.2%
2007 2.38% 2.14%
2008 3.64% 3.29%
2009 0.88% 0.3%
2010 1.98% 1.62%
2011 3.08% 2.72%
2012 2.59% 2.5%
2013* 1.94% 1.73%
2014* 1.78% 1.51%
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The statistic shows the inflation rate in the European Union and the Euro area from 2004 to 2014. The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In 2012, the inflation rate in the EU was about 2.6 percent compared to the previous year.

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