February 4, 2022
According to the statistical office of the European Union (Eurostat), in January 2022, the euro area annual inflation rate is expected to be 5.1%, 0.1% higher than the 5.0% booked in December 2021. However, it was noted that a year earlier the annual rate was 0.9% in January 2021.
Eurostat also noted, the main component that has the highest contribution to the annual euro area inflation rate in January 2022 is energy, which is expected to increase from 25.9% in December to 28.6%, followed by food, alcohol & tobacco which is expected to climb to 3.6% from 3.2% reported in December. Non-energy industrial goods are estimated to decrease to 2.3%, compared with 2.9% in December, and Services are projected to remain stable at 2.4% compared to November.
The lowest annual rates were observed in France (3.3%), Finland (3.4%), and Portugal (3.4%). The highest annual rates were recorded in Lithuania (12.2%), Estonia (11.7%), Slovakia and Belgium at (8.5%). When compared with the previous month, during January 2022, among the Member states annual inflation decrease in five and rose in thirteen.
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