Eurostat confirmed this Wednesday that the annual inflation rate in the eurozone rose in December to 2.9% in the eurozone, which also indicates that in the European Union (EU) it increased to 3.4%, reversing the downward trend.
In November 2023, the annual inflation rate in the euro area slowed for the seventh month in a row and amounted to 2.4%, and in the EU – 3.1%.
In December 2022, the figure reached 9.2% and 10.4%, respectively.
The EU statistics office also confirmed in the euro area a slowdown in core inflation (which calculates price movements without taking into account the most volatile elements) to 3.4%.
Among the 27 member states, annual inflation slowed in 15, remained stable in one and accelerated in another 11.
The lowest inflation rates, as measured by the Harmonized Index of Consumer Prices (HICP), were recorded in Denmark (0.4%), Italy and Belgium (0.5% each) and the Netherlands (1.0%), with the lowest highs in Czech Republic (7.6%), Romania (7.0%) and Slovakia (6.6%).
In Portugal, the annual inflation rate as measured by the HIPC was 1.9% in December 2023, down from 2.2% the previous month and 9.8% year on year.
Author: Lusa
Source: CM Jornal
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