The euro area annual inflation rate was 1.4% in January 2020, up from 1.3% in December. A year earlier, the rate was 1.4%.
European Union annual inflation was 1.7% in January 2020, up from 1.6% in December. A year earlier, the rate was 1.5%.
- lowest annual rates: Italy (0.4%), Cyprus (0.7%), Denmark and Portugal (both 0.8%).
- highest annual rates: Hungary (4.7%), Romania (3.9%), Czechia and Poland (both 3.8%).
Compared with December, annual inflation
- fell in five Member States,
- remained stable in five and
- rose in eighteen.
In January, the highest contribution to the annual euro area inflation rate came from services (+0.68 percentage points, pp), followed by food, alcohol & tobacco (+0.40 pp), energy (+0.19 pp) and non-energy industrial goods (+0.08 pp).