Annual inflation 5% in euro area, 5.3% in EU in Dec 2021

The lowest annual rates were registered in Malta (2.6 per cent), Portugal (2.8 per cent) and Finland (3.2 per cent). The highest annual rates were recorded in Estonia (12 per cent), Lithuania (10.7 per cent) and Poland (8 per cent).

Compared with November, annual inflation fell in seven member states, remained stable in two and rose in eighteen, according to an official release.

In December, the highest contribution to the annual euro area inflation rate came from energy (+2.46 percentage points, pp), followed by services (+1.02 pp), non-energy industrial goods (+0.78 pp) and food, alcohol and tobacco (+0.71 pp).

ALCHEMPro News Desk (DS)