Consumer Price Index (CPI) in the Euro Area for December

In December 2023, the annual inflation rate in the Euro Area rose to 2.9%, a jump from the 2.4% recorded in November 2023. When examining the primary components of inflation in the Euro Area, food, alcohol & tobacco experienced the highest annual rate in December at 6.1%, a slight decrease from 6.9% in November. This was followed by services at a steady 4.0%, non-energy industrial goods at 2.5% (down from 2.9% in November), and energy at -6.7%, an improvement from -11.5% in November.