Slovakia boasted the highest inflation rate in the euro area in December 2023, of 6.6%, according to flash estimate figures from Eurostat.
The inflation rate in Slovakia stood at 6.9% in November 2023, and 15.0% in December 2022.
Also reporting a high inflation rate in December were Austria (5.7%, up from 4.9% in November), Croatia (5.4%), Estonia (4.3%) and France (4.1%).
The lowest inflation rate was seen in Italy and Belgium (0.5% each), while Latvia (0.9%) and the Netherlands (1.0%) also reported low inflation, Eurostat said. All data contained in the release is on an estimated basis.
Euro area
Across the euro area, annual inflation stood at 2.9% in December 2023, up from 2.4% in November.
The food, alcohol and tobacco segment boasted the highest annual inflation in December, of 6.1% (compared with 6.9% in November), followed by services (4.0%), and non-energy industrial goods (2.5%).
Inflation continued to fall in the energy sector, by 6.7% in December, compared to 11.5% in November.
Annual Inflation Rate in Euro Area Countries, December 2023
| Country | Inflation Rate |
|---|---|
| Slovakia | 6.6 |
| Austria | 5.7 |
| Croatia | 5.4 |
| Estonia | 4.3 |
| France | 4.1 |
| Germany | 3.8 |
| Slovenia | 3.8 |
| Greece | 3.7 |
| Malta | 3.6 |
| Spain | 3.3 |
| Ireland | 3.2 |
| Luxembourg | 3.2 |
| Euro area | 2.9 |
| Cyprus | 1.9 |
| Portugal | 1.8 |
| Lithuania | 1.6 |
| Finland | 1.6 |
| Netherlands | 1.0 |
| Latvia | 0.9 |
| Belgium | 0.5 |
| Italy | 0.5 |
