Euro zone: Inflation confirmed at 5% over one year in December, a record
BRUSSELS, Jan 20 (Reuters) – The inflation rate in the euro zone reached 5% year on year in December, its highest level ever, figures released by Eurostat on Thursday showed, confirming its first estimate.
Compared to November, consumer prices in the 19 countries that have adopted the single currency show an increase of 0.4%.
In December, the strongest contributions to inflation at an annual rate came from energy (+2.46 percentage points), services (+1.02 point) and industrial goods excluding energy (+0.78 point ).
Inflation excluding energy and unprocessed food increased by 2.7% year on year.
An even narrower measure that also excludes alcohol rose 2.6% year on year.
European Central Bank President Christine Lagarde said earlier today that price inflation is expected to level off and then decline over the course of 2022 in the eurozone.
Table: (Written by Laetitia Volga, edited by Jean-Stéphane Brosse)