Euro area annual inflation was 2.0% in January 2013, down from 2.2% in December 2012. A year earlier the rate was 2.7%. Monthly inflation was -1.0% in January 2013.

EU annual inflation was 2.1% in January 2013, down from 2.3% in December 2012. A year earlier the rate was 2.9%. Monthly inflation was -0.8% in January 2013.

These figures come from Eurostat, the statistical office of the European Union.

In January 2013, the lowest annual rates were observed in Greece (0.0%), Portugal (0.4%) and Latvia (0.6%), and the highest in Romania (5.1%), Estonia (3.7%) and the Netherlands (3.2%). Compared with December 2012, annual inflation fell in twenty-three Member States, remained stable in one and rose in three. The lowest 12-month average rates up to January 2013 were registered in Greece and Sweden (both 0.9%) and Ireland (1.9%), and the highest in Hungary (5.4%), Estonia (4.1%), Romania and Slovakia (both 3.6%).

Euro area

The largest upward impacts on euro area annual inflation in January 2013 came from electricity (+0.16 percentage points), vegetables (+0.09) and tobacco (+0.07), while telecommunications (-0.20), medical & paramedical services (-0.08) and garments (-0.06) had the biggest downward impacts.