The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
January 18, 2023EU AND EURO AREA CONSUMER PRICE INDEX, DECEMBER AND ANNUAL 2022 Year-over-year (December 2022 vs. December 2021)
The inflation rate moved up to 10.4% in the European Union and was up to 9.2% in the Euro Area in December 2022.
The fastest inflation was reported in Hungary (+25.0%), Latvia (+20.7%), and Lithuania (+20.0%) and the lowest inflation rates were in Spain (+5.5%), Luxembourg (+6.2%), and France (+6.7%).
Food price inflation increased to 18.2% in the European Union and to 16.3% in the Euro Area.
Energy inflation slowed to 25.5% both in the European Union and in the Euro Area.
Excluding the impacts of energy, food, alcohol and tobacco prices inflation increased to 6.2% in the European Union and 5.2% in the Euro Area in December 2022.
ANNUAL 2022
Annual inflation was 9.2% for the European Union and 8.4% for the Euro Area in 2022. These are higher rates than were experienced over 2011-2021.
Source: Eurostat
<--- Return to Archive
