The annual inflation rate in the Eurozone stood at a record high of 5% in December, a report published by the European Union's statistical office Eurostat on Thursday showed, confirming preliminary figures. In the whole EU, the inflation rate climbed to 5.3% in the last month of 2021, APA reports citing Teletrader.
Among member states, the highest inflation rates were recorded in Estonia, at 12%, Lithuania, at 10.7%, and Poland, at 8%, while the lowest rates were observed in Malta, at 2.6%, and Portugal, at 2.8%.
The largest contributor to the annual euro area inflation was the energy sector, contributing 2.46 percentage points, followed by services with a positive contribution of 1.02 percentage points.
On a monthly basis, consumer prices were up 0.4% in the Eurozone.