Eurozone inflation falls to 2.7%
Inflation in the eurozone fell to 2.7% in December, according to the latest figures from Eurostat, while inflation in the European Union as a whole dropped to 3%.
The European Union’s statistical office reported that inflation in the eurozone dropped from 3% in November to 2.7% in December.
Similarly, European Union inflation dropped from 3.4% in November to 3% in December.
Sweden had the lowest inflation rates of 0.4%, followed by Malta (1.3%) and Bulgaria (2%). The highest rate was reported in Slovakia, which saw inflation of 4.6% in December, closely followed by Poland with 4.5%.
Housing, transport and alcohol and tobacco were the main components with the highest annual rates in December, while communications, recreation and culture and education were the lowest.
The news comes as the Office for National Statistics reported a drop in inflation to 4.2% during December from 4.8% in November.
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