Euro area's annual inflation dips to 8.6% in Jan 2023, 10% in EU

The lowest annual rates were registered in Luxembourg (5.8 per cent), Spain (5.9 per cent), and Cyprus and Malta (both 6.8 per cent). The highest annual rates were recorded in Hungary (26.2 per cent), Latvia (21.4 per cent), and Czechia (19.1 per cent), Eurostat, the statistical office of the EU, said in a press release.

Compared with December, annual inflation fell in 18 member states and rose in nine.

ALCHEMPro News Desk (NB)