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February 22, 2024EU AND EURO AREA CONSUMER PRICE INDEX, JANUARY 2024 Year-over-year (January 2024 vs January 2023)
The inflation rate slowed to 3.1% in the European Union and to 2.8% in the Euro Area in January 2024.
The fastest inflation was reported in Romania (7.3%) while the slowest inflation rate was in Denmark and Italy (0.9%).
Energy prices declined 5.4% in the European Union and declined 6.1% in the Euro Area in January 2024.
Food price inflation has continued to slow but remains elevated at 4.8% for the European Union and 5.3% the Euro Area in January 2024.
Excluding the impacts of energy, food, alcohol and tobacco prices year-over-year inflation was slowed to 3.7% in the European Union and 3.3% in the Euro Area in January 2024.
Source: Eurostat
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