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EU annual inflation falls to 10.4% in December 2022: Eurostat
20 Jan '23
1 min read
Pic: Shutterstock
European Union’s (EU) annual inflation was down to 10.4 per cent in December 2022, compared to 11.1 per cent in November 2022, according to Eurostat, the statistical office of the EU. A year earlier, EU’s inflation rate was 5.3 per cent. The euro area’s annual inflation rate was 9.2 per cent in December 2022, down from 10.1 per cent in November.
The lowest annual rates were registered in Spain (5.5 per cent), Luxembourg (6.2 per cent), and France (6.7 per cent). The highest annual rates were recorded in Hungary (25 per cent), Latvia (20.7 per cent), and Lithuania (20 per cent). Compared with November, annual inflation fell in twenty-two member states, remained stable in two, and rose in three.
In December, energy contributed 2.79 percentage points to the annual euro area inflation rate, while non-energy industrial goods contributed 1.70 percentage points.
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