Home Latest News & Insights EURO AREA ANNUAL INFLATION DOWN TO 2.8%

EURO AREA ANNUAL INFLATION DOWN TO 2.8%

February 1, 2024
inflation

Euro Area annual inflation drops. Euro area annual inflation is expected to be 2.8% in January 2024.

The decrease is down from 2.9% in December according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in January (5.7%, compared with 6.1% in December).

This is followed by services (4.0%, stable compared with December), non-energy industrial goods (2.0%, compared with 2.5% in December) and energy (-6.3%, compared with -6.7% in December).