18 January 2023

Eurostat: Euro Zone Inflation Eases During December

International and Arabic

Brussels, January 18 (QNA) - The Euro zone consumer inflation decelerated in December 2022, the European Union's statistics office (Eurostat) confirmed on Wednesday, thanks to a continued fall in energy prices that had earlier lifted it to record highs.

Eurostat said prices in the 20 countries sharing the euro fell 0.4% month-on-month for a 9.2% year-on-year rise.

Energy prices fell 6.6% month-on-month for a 25.5 year-on-year rise, decelerating from the 34.9% year-on-year gain the month before. As a result, energy was no longer the main contributor to the overall year-on-year number, adding only 2.79 percentage points, while food contributed 2.88 percentage points.

Non-energy industrial goods added 1.70 percentage points and services continued 1.83 points. Without the volatile energy and food components, prices rose 0.7% month-on-month for a 6.9% annual increase.



Economy, International
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