The euro area had an annual inflation of 9.2 percent in December last year, which is slightly less than in November, when it was 10.1 percent, according to the first estimate of the European statistical office Eurostat.
Energy prices were in December for 25.7 percent higher than a year ago. Their growth thus moderated somewhat, after it was 34.9% the month before. However, the growth of food, alcohol and tobacco prices accelerated slightly. These were in December for 13.8 percent higher than in December 2021 and 0.2 percentage points higher than in November last year.
Non-energetic industrial goods became more expensive for 6.4 percent, which is 0.3 percentage points more than a month earlier, and services for 4.4 percent or for 0.2 percentage points more than in November, according to European statisticians.
Among the countries that use the euro, according to Eurostat’s first estimates, the highest annual inflation was measured in December in Latvia, where it was 20.7 percent, after it was 21.7 percent in October and November. Lithuania followed, where the year-on-year growth in consumer prices was 20% (21.4% in November).
On the other hand, the lowest rate of annual inflation was detected in Spain, where according to the first estimates it was 5.6 percent (6.7 percent in November). Luxembourg followed with 6.2% inflation (7.3% in November).
In December, the inflation rate in Slovenia was 10.8 percent, which is the same as in November, according to the latest Eurostat data.