Annual inflation stable at -0.3% in the euro area

Last Updated on Wednesday, 20 January, 2021 at 12:01 pm by Andre Camilleri

Up to 0.3% in the EU

In December 2020, the euro area annual inflation was -0.3% for the fourth consecutive month. A year earlier, the rate was 1.3%. European Union annual inflation was 0.3% in December 2020, up from 0.2% in November. A year earlier, the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Greece (-2.4%), Slovenia (-1.2%) and Ireland (-1.0%). The highest annual rates were recorded in Poland (3.4%), Hungary (2.8%) and Czechia (2.4%). Compared with November, annual inflation fell in nine Member States, remained stable in eight and rose in ten.

In December, the highest contribution to the annual euro area inflation rate came from services (+0.30 percentage points, pp), followed by food, alcohol & tobacco (+0.25 pp), non-energy industrial goods (-0.14 pp) and energy (‑0.68 pp).

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