In the euro zone, inflation accelerated to 2.9 percent in December
Annual inflation in the euro zone accelerated to 2.9 percent in December from 2.4 percent in November, which was the lowest since June 2021, the EU’s statistical office, Eurostat, announced on Friday as preliminary data.
According to expert expectations, inflation was higher at 3 percent for December. In December, consumer prices increased by 0.2 percent compared to November, when they decreased by 0.6 percent.
In an annual comparison, energy prices fell the most in December, by 6.7 percent after the 11.5 percent fall in November. The largest price increase was still in the combined range of food, alcoholic beverages and tobacco products, 6.1 percent in December after 6.9 percent in November.
After deducting the price of energy, food and leisure items, the annual price increase (core inflation) decreased to 3.4 percent from 3.6 percent in November instead of the expected 3.5 percent.
The highest annual inflation rates were recorded in Slovakia (6.6 percent), Austria (5.7 percent) and Croatia (5.4 percent). The lowest price increases were in Belgium and Italy, both 0.5 percent, and in Latvia, 0.9 percent.
Eurostat will announce the final inflation figures for December on January 17.
Related news
Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >The productivity of Hungarian companies is worse than anywhere else in the EU
According to a recent analysis by GKI Economic Research Ltd.,…
Read more >EU-US tariff war: tariffs are bad for companies, even worse for consumers
European Commission President Ursula von der Leyen has expressed regret…
Read more >Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >