Inflation rate stands at 1.3%

The rate of inflation as measured by the Harmonised Index of Consumer Prices (HICP) remained at a constant rate of 1.3 per cent during December 2019, while the twelve-month moving average rate for December stood at 1.5 per cent. The euro area annual inflation rate was 1.3% in December 2019, up from 1.0% in November.

The NSO said that highest annual inflation rates were registered in the Education Index (2.4 per cent) and the Food and Non-alcoholic beverages (2.2 per cent). The lowest inflation rates were registered in Clothing and Footwear (-2.4%) and Household Equipment and Routine Maintenance (-0.9%). 

The same sectors also contributed towards the downward impacts on annual inflation.

A year earlier, the rate was 1.5%. European Union annual inflation was 1.6% in December 2019, up from 1.3% in November. A year earlier, the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Portugal (0.4%), Italy (0.5%) and Cyprus (0.7%). The highest annual rates were recorded in Hungary (4.1%), Romania (4.0%), Czechia and Slovakia (both 3.2%). Compared with November, annual inflation fell in two Member States, remained stable in three and rose in twenty-three.