February 23, 2023EU AND EURO AREA CONSUMER PRICE INDEX, JANUARY 2023 Year-over-year (January 2023 vs January 2022)
The inflation rate moved up to 10.0% in the European Union and was up to 8.6% in the Euro Area in January 2023.
The fastest inflation was reported in Hungary (+26.2%), Latvia (+21.4%), and Czechia (+19.1%) and the lowest inflation rates were in Luxembourg (+5.8%) and Spain (+5.9%).
Food price inflation increased to 18.4% in the European Union and to 16.6% in the Euro Area.
Energy inflation slowed to 20.6% in the European Union and to 18.9% in the Euro Area.
Excluding the impacts of energy, food, alcohol and tobacco prices inflation increased to 6.3% in the European Union and 5.3% in the Euro Area in January 2023.
Source: Eurostat