Current location:entertainment >>
Eurozone inflation slows to 8.5 pct in January: Eurostat
entertainment663People have gathered around
IntroductionPeople shop at a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in ...
People shop at a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)
BRUSSELS, Feb. 1 (Xinhua) -- Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau.
Inflation in the eurozone peaked at 10.6 percent last October and has been slowly decreasing since then.
Energy prices remain the main driver of the eurozone's annual inflation rate, with a 17.2 percent increase compared to January 2022 (25.5 percent in December 2022), followed by prices of food, alcohol and tobacco with a year-on-year increase of 14.1 percent in January (13.8 percent in December 2022).
"The drop from 9.2 percent to 8.5 percent is faster than expected," Bert Colijn, senior economist for the eurozone at ING, explained. Food inflation remains stable at 14.1 percent, but energy drives the rate down at the start of the year. The drop from 25.5 percent to 17.2 percent reflects lower market prices and significant negative base effects, he said.
The year-on-year increase in energy prices peaked last October at 41.5 percent. Since then, energy prices have been decreasing.
Price ceilings for energy had an effect, according to Colijn, who expects energy prices to decline further. "In recent days, both the Brent oil price in euros and natural gas market prices have declined year-on-year, which will put more downward pressure on consumer prices in the coming months."
The Baltic countries projected the highest inflation rates for January: 21.6 percent for Latvia, 18.8 percent for Estonia, and 18.4 percent for Lithuania.
The countries with the lowest annual inflation rate include Spain and Luxembourg, both with 5.8 percent, as well as France with 7 percent.
However, data for Germany for January 2023 were not available in time for publication by Eurostat due to technical data processing issues, Colijn noted. ■
A woman visits a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)
A price board is seen at a gas station in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)
People walk past a store in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)
People visit a shopping mall in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)
A woman walks past a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Clutch news portal”。http://togo.claboston.org/news-24e099933.html
Related articles
Amtrak train hits pickup truck in upstate New York, 3 dead including child
entertainmentNEW YORK (AP) — A child was among the three victims killed when a passenger train hit a pickup truck ...
Read moreSuperbugs will make Covid look 'minor', ex
entertainmentSuperbugs, pathogens which have evolved resistance to the drugs used to treat them, will make the Co ...
Read moreQuestions and grief linger at the apartment door where a deputy killed a US airman
entertainmentWASHINGTON (AP) — At the apartment door where a Florida deputy shot and killed Senior Airman Roger F ...
Read more
Popular articles
- Strictly star Giovanni Pernice's former partner Rose Ayling
- South Carolina governor happy with tax cuts, teacher raises but wants health and energy bills done
- Lok Sabha elections 2024: Voters across 96 constituencies cast vote in fourth round
- UNC board slashes diversity program funding to divert money to public safety resources
- Abbey Clancy, 38, shows off a new set of train track braces as she's left red
- Turkish Airlines flight from Istanbul is forced to make emergency landing at Manchester Airport
Latest articles
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
GM's Cruise to start testing robotaxis in Phoenix area
George Clooney to make his Broadway debut in 'Good Night, and Good Luck'
US airlines suing Biden admin over rule to make certain fees easier to spot
'Real life' Martha from Baby Reindeer's million
Kentucky angler nabs a 200
LINKS
- Top Hunk! Tom Cruise, 61, proved he's still got it with THAT shirtless snap
- China enjoys clean sweep at WTT Saudi Smash
- Emma Stone has sweet reaction to being called her birth name by a reporter at Cannes Film Festival
- Colorful Guizhou wind blows to Paris
- Jamie Vardy and his Leicester team
- Congolese army says it has foiled a coup. Self
- Musa scores a goal, Paes has 7 saves as Dallas and Dynamo tie 1
- Golden girl! Cate Blanchett receives a four
- Motherland is BACK (sort of)! BBC announces spin
- Katie Holmes exudes boho chic as she layers up in a loose