Annual inflation up to 1.4% in the euro area
The euro area annual inflation rate was 1.4% in January 2020, up from 1.3% in December. A year earlier, the rate was 1.4%.
These figures come from Eurostat, the statistical office of the European Union (EU).
In the whole of the EU, annual inflation was 1.7% in January 2020, up from 1.6% in December. A year earlier, the rate was 1.5%.
In January, the highest contribution to the annual euro area inflation rate came from services (+0.68 percentage points, pp), followed by food, alcohol & tobacco (+0.40 pp), energy (+0.19 pp) and non-energy industrial goods (+0.08 pp).Source: Eurostat
The lowest annual rates were registered in Italy (0.4%), Cyprus (0.7%), Denmark and Portugal (both 0.8%). The highest annual rates were recorded in Hungary (4.7%), Romania (3.9%), Czechia and Poland (both 3.8%).
Compared with December, annual inflation fell in five Member States, remained stable in five and rose in eighteen.