Date: February 25, 2019

In January 2019, The euro area annual inflation rate was 1.4% , down from 1.5% in December. Compared to the previous year, the rate was 1.3%. Additionally, the European Union annual inflation was reported at 1.5% in January 2019, down from 1.6% in December. Compared to the previous year, the rate was 1.6%.

The lowest annual rates were registered in Greece (0.5%) as well as in Croatia and Portugal (both 0.6%). Additionally, The highest annual rates were recorded in Romania (3.2%), Latvia (2.9%), Estonia and Hungary (both 2.8%). In Comparison with December 2018, annual inflation fell in sixteen Member States while 5 remained stable and 7 increased.

The highest contribution to the annual euro area inflation rate in January 2019 came from: services (+0.70 percentage points, pp), food, alcohol & tobacco (+0.36 pp), energy (+0.26 pp) and non-energy industrial goods (+0.06 pp).

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