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Annual inflation stable at -0.3% in the euro area, up to 0.3% in the EU

In December 2020, the euro area annual inflation was -0.3% for the fourth consecutive month.

Screenshot of the inflation rates in December 2020 © European Union, 2020
European Union, 2020

date:  21/01/2021

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A year earlier, the rate was 1.3%. EU annual inflation was 0.3% in December 2020, up from 0.2% in November. A year earlier, the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Greece (-2.4%), Slovenia (-1.2%) and Ireland (-1.0%). The highest annual rates were recorded in Poland (3.4%), Hungary (2.8%) and Czechia (2.4%). Compared with November, annual inflation fell in nine Member States, remained stable in eight and rose in ten. In December, the highest contribution to the annual euro area inflation rate came from services (+0.30 percentage points, pp), followed by food, alcohol & tobacco (+0.25 pp), non-energy industrial goods (-0.14 pp) and energy (-0.68 pp).