Eurozone CPI was finalized at 1.3% yoy in December, up from November’s 1.0% yoy. the highest contribution to the annual euro area inflation rate came from services (+0.80%), followed by food, alcohol & tobacco (+0.38%), non-energy industrial goods (+0.12%) and energy (+0.02%).

EU inflation was at 1.6%, up from 1.3% yoy a month ago. The lowest annual rates were registered in Portugal (0.4%), Italy (0.5%) and Cyprus (0.7%). The highest annual rates were recorded in Hungary (4.1%), Romania (4.0%), Czechia and Slovakia (both 3.2%). Compared with November, annual inflation fell in two Member States, remained stable in three and rose in twenty-three.

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