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Eurostat: Romania is no longer part of the group of EU countries with the highest inflation in January
The euro area annual inflation rate was 5.1% in January 2022, up from 5.0% in December. A year earlier, the rate was 0.9%. European Union annual inflation was 5.6% in January 2022, up from 5.3% in December. A year earlier, the rate was 1.2%.
These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in France (3.3%), Portugal (3.4%) and Sweden (3.9%).
The highest annual rates were recorded in Lithuania (12.3%), Estonia (11.0%) and Czechia (8.8%). Compared with December, annual inflation fell in eight Member States and rose in nineteen, including Romania, from 6.7% to 7.2%. But unlike the situation at the end of 2021, Romania is no longer among the EU countries with the highest inflation, being on the 11th place in the top of the Member States with the highest annual inflation rate.
In January, the highest contribution to the annual euro area inflation rate came from energy (+2.80 percentage points, pp), followed by services (+0.98 pp), food, alcohol & tobacco (+0.77 pp) and non-energy industrial goods (+0.56 pp).