Eurozone CPI was finalized at 0.9% yoy in January, up from December’s -0.3% yoy. The highest contribution came from services (+0.65%), followed by non-energy industrial goods (+0.37%), food, alcohol & tobacco (+0.30%) and energy (-0.41%).
EU CPI was finalized at 1.2% yoy, up from 0.3% yoy. The lowest annual rates were registered in Greece (-2.4%), Slovenia (-0.9%) and Cyprus (-0.8%). The highest annual rates were recorded in Poland (3.6%), Hungary (2.9%) and Czechia (2.2%). Compared with December, annual inflation fell in three Member States, remained stable in six and rose in eighteen.