Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017.
In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January 2018, down from 1.7% in December 2017. A year earlier the rate was 1.7%.
- Lowest annual rates: Cyprus (-1.5%), Greece (0.2%) and Ireland (0.3%).
- Highest annual rates: Lithuania, Estonia (both 3.6%) and Romania (3.4%).
Compared with December 2017, annual inflation
- fell in twenty-one Member States,
- remained stable in one and
- rose in six.
In January 2018, the highest contribution to the annual euro area inflation rate came from services (+0.56 percentage point), followed by food, alcohol & tobacco (+0.39 pp), energy (+0.22 pp) and non-energy industrial goods (+0.15 pp).
Source: Eurostat, http://ec.europa.eu/eurostat