CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

Annual inflation up to 1.4% in the euro area

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).


Further information:

Annual Inflation January 2020

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Posted in General Market News

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