15th January 2013

European inflation down in December

In December 2012, the EU27 inflation fell down to 2,3% from 2,4% in November. Euro area annual inflation in December stayed stable at 2,2%. A year earlier the rates were 3,0% and 2,7% respectively. The lowest annual rates were measured in Greece (0,3%), Sweden (1,1%) and France and Cyprus (both 1,5%). On the other hand, the highest annual rates were measured in Hungary (5,1%), Romania (4,6%) and Estonia (3,6%).

The main components with high annual rates were alcohol and tobacco (3,6%), housing (3,4%), food and education (both 3,0%), while the lower ones were communications (3,8%), household equipment (1,0%) and recreation and culture (1,2%). These figures come from Eurostat, the statistical office of the European Union.

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Members of the American Chamber of Commerce in the Czech Republic