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BNS - According to data of the European Union's statistics office Eurostat, Estonia's average 12-month inflation rate was 1 percent in November, meaning the Baltic state fulfilled the Maastricht inflation criterion for euro adoption.
Leaving out countries where deflation was observed, the EU member states with lowest 12-month inflation were France (0.1 percent) and Belgium and Cyprus (0.2 percent each).
The 12-month average of the euro zone was 0.3 percent. It was most strongly influenced by a 3.9 percent rise in alcohol and tobacco prices and falls of 8.5 percent in the cost of energy and 3.3 percent in that of transport.
Latvia's average 12-month inflation was 4.2 percent and Lithuania's 4.8 percent.
The reference value of the inflation criterion is calculated on the basis of average inflation rates of the three European Union member states with the lowest positive inflation, with 1.5 percentage points added to the average 12-month inflation rate of the three.
According to Eurostat data, annual inflation registered in Estonia last month was among the lowest in the EU at -2.1 percent. In Ireland inflation of -2.8 percent and in Latvia, of -1.4 percent was recorded.
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