The annual inflation rate in the Eurozone came in at 2.8% in January, going down from 2.9% registered in December, the European Commission's statistical office Eurostat said in its final report issued on Thursday, confirming the figure given in the preliminary one. In the European Union, the Consumer Price Index (CPI) stood at 3.1%, falling from the previous month's 3.4%. Month-on-month, the rate decreased by 0.4% in the euro area and 0.2% in the EU.
The document attributed the overall rise in inflation to services, which grew by 1.73 percentage points on an annual level, followed by food, alcohol and tobacco at 1.13 percentage points, non-energy industrial goods at 0.53 percentage points, and energy at 0.62 percentage points.
The highest increases of 7.3%, 5.0%, and 4.8% were observed in Romania, Estonia, and Croatia, respectively. The lowest ones were recorded in Denmark and Italy at 0.9%, and Latvia, Lithuania, and Finland at 1.1%.
