The euro area inflation rate was 5% in December 2021, up from 4.9% in November. Just a year earlier it was -0.3%.
This was announced by the statistical institute of the European Union, Eurostat.
The data confirms the estimate of January 7 and represents a new high in twenty-five years, that is, since the beginning of the calculation of the time series in 1997.
In Italy, inflation was 4.2% (it was 3.9% in November). Lower rates for Malta (2.6%), Portugal (2.8%), Finland (3.2%). Higher percentages were recorded in Estonia (12%), Lithuania (10.7%) and Poland (8%).
In December, the highest contribution to the Eurozone's annual inflation rate came from rising energy prices (+ 2.46%), followed by services (+ 1.02%), non-energy industrial goods (+ 0.78%) and food, alcohol and tobacco (+ 0.71%).
The high cost of living is even more serious in the United States, where inflation reached 7% in January, the highest rate in forty years.
(Unioneonline / F)
