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EU, annual inflation rose in December 2019

UNITED STATES (OBSERVATORY NEWS)

Consumer prices in the European Union rose 1.6 percent in December 2019, rising from 1.3 percent in November, the European Statistical Office reported today, Anadolu Agency (AA) reports.

“Compared to November, annual inflation fell in two member states, remained stable at 3 and rose to 23,” Eurostat said.

The lowest annual rates were recorded in Portugal (0.4 percent) and Italy (0.5 percent) while the highest rates were recorded in Hungary (4.1 percent), Romania (4.0 percent), the Czech Republic and Slovakia (3.2 percent).

“In December, services, followed by food, alcohol and tobacco, non-energy industrial goods and energy, contributed the most to the annual inflation rate in the euro area,” it said.

Since 2014, the lowest level of annual inflation in the EU was in January 2015 at minus 0.5 percent, when prices were down and the highest was recorded in October 2018, at 2.3 percent.

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