Eurozone inflation fell to 8.5% after falling seven-tenths in January

Annual inflation in the euro area fell seven-tenths in January. up to 8.5%, It has chained three consecutive months of declines, fueling hopes that the rise in prices in the euro area has reached its peak, according to preliminary data released by Eurostat this Wednesday.

Inflation in Spain rose three-tenths to 5.8%. Despite the government’s withdrawal from the general reduction in fuel prices and the fall in VAT on some foods, it remains the lowest rate eurozone country.

Germany, one of the major economies of euro-sharing countries, did not provide inflation data to Eurostat. It reached 9.6% in December.

Core inflation, which excludes energy products, food, tobacco and beverages because it has a more volatile behaviorIt remained stable at 5.2%.

Although energy remains a product category, higher price increase Compared to the same month of 2022, it decreased to 17.2% from 25.5% in December, making it the lowest sector in January.

Chain with this descent three months in a row.

After energy, processed food inflation continued to rise, alcohol and tobaccoan increase of 14.1% compared to 13.8% recorded a month ago.

latter, prices of non-energy industrial goods While it increased by 6.9% in January compared to 6.4% in December, the services sector decreased from 4.4% to 4.2% in the first month of the year compared to the previous month.

Among the nineteen countries that share the euro, Spain Luxembourglowest inflation at harmonized rate (comparable to other common currency partners), 5.8%, followed by malt (6.7%) and Cyprus (6.8%).

inflation FranceRecording the second lowest rate in the Eurozone in December, It rose to 7% in January.

stays above two digits Italy (10.9%) Austria (11.5%), Croatia (12.5%) and Slovakia (14.9%).

Finally, the Baltic countries remain the euro partners most affected by the price increase, with annual inflation reaching 21.6% in 2015. Latviaat 18.8% Estonia and 18.4% Lithuania.

Source: Informacion

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