May 14, 2021

Eurozone inflation rises three tenths in December, to 1.3%



The annual inflation rate in the eurozone increased three tenths in December compared to November, up to 1.3%, according to the revised data published this Wednesday by the Community statistics office, Eurostat.

In the European Union as a whole, inflation also increased three tenths, to 1.6%.

In December 2018, the inflation rate had stood at 1.5% in the area of ​​the single currency and 1.6% in the Twenty-eight.

Last December, the main contributions to the annual inflation rate came from services (0.80 points) followed by food, alcohol and tobacco (0.38 points); industrial goods without counting energy (0.12 points) and energy (0.02 points).

Core inflation, which excludes the effect of energy and fresh food prices as they are the most volatile components, continued in the Eurozone at 1.4%, the same figure as in November.

The weakest annual rates were observed in Portugal (0.4%), Italy (0.5%) and Cyprus (0.7%), while the highest were in Hungary (4.1%), Romania ( 4%) and the Czech Republic and Slovakia (3.2%).

Compared to November, annual inflation fell in December in two Member States, remained stable in three and increased by 23.

In Spain, the annual inflation rate stood at 0.8% in December, three tenths above the level recorded in November and four tenths below the 1.2% that it marked in December 2018.

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