Highest EU inflation in December in Hungary, Romania

EU

Photo by Savvapanf Photo/Shutterstock.com

The euro area annual inflation rate was 1.3% in December 2019, up from 1% in November, according to figures released by Eurostat on January 17. A year earlier, the rate was 1.5%. European Union annual inflation was 1.6% in December 2019, up from 1.3% in November. A year earlier, the rate was 1.6%.

Photo by Savvapanf Photo/Shutterstock.com

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%), the Czech Republic and Slovakia (both 3.2%).

Compared with November, annual inflation fell in two member states, remained stable in three and rose in 23.

In December, the highest contribution to the annual euro area inflation rate came from services (+0.8 percentage points), followed by food, alcohol and tobacco (+0.38%), non-energy industrial goods (+0.12%) and energy (+0.02%), Eurostat said.

ADVERTISEMENT

Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.