Euro Area Annual Inflation at 2.2% at End-2012

Euro Area Annual Inflation at 2.2% at End-2012

The annual inflation in December stood at 2.2% in the euro area, and at 2.3% in the entire EU, the EU's statistics office said.

In December, the lowest annual inflation was registered in Greece, 0.3%, Sweden - 1.1% and in France and Cyprus  - 1.5% both, while the highest rates were posted in Hungary, 5.1%, Romania - 4.6% and Estonia - 3.6%, data published by Eurostat indicated. In Bulgaria it was 2.8%, slightly up compared with 2.7% in November.

The main drivers of inflation in the euro area were alcohol and tobacco, which rose by 3.6% on the year, housing prices, up 3.4%, as well as food and education, both growing by 3.0%. The lowest annual inflation rates were registered in communications and household equipment.


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