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