The lowest annual rates among Member States were recorded in Denmark (0.4%), and in Italy and Belgium (0.5% in both countries).<\/p>\n
<\/p>\n
Annual inflation in Cyprus stood at 1.9% in December 2023, up from 2.4% in November, while a year earlier, in December 2022, it stood at 7.6%, according to the latest figures published by Eurostat , the statistical office of the European Union.<\/p>\n
In the eurozone, annual inflation stood at 2.9% in December, up from 2.4% in November. In December 2022, the figure stood at 9.2%.<\/p>\n
In the EU, annual inflation stood at 3.4% in December 2023, up from 3.1% in November. A year earlier, the inflation rate was 10.4%.<\/p>\n
The lowest annual rates among Member States were recorded in Denmark (0.4%), and in Italy and Belgium (0.5% in both countries).<\/p>\n
The highest annual rates were recorded in the Czech Republic (7.6%), Romania (7.0%) and Slovakia (6.6%).<\/p>\n
Compared to November, annual inflation decreased in fifteen Member States (including Cyprus), remained stable in one and increased in eleven.<\/p>\n
In December, the biggest contributor to the annual eurozone inflation rate was services (+1.74 percentage points, pp), followed by food, alcohol and tobacco (+1.21 pp), non-energy industrial goods (+0.66 pm) and energy (-0.68 pm).<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The text states that the lowest annual inflation rates among EU member states were recorded in Denmark (0.4%), Italy (0.5%), and Belgium (0.5%). The text also mentions that in December 2023, the annual inflation rate in Cyprus was 1.9%, down from 2.4% in November, and significantly lower than the 7.6% recorded in December 2022. In the eurozone, the annual inflation rate in December was 2.9 %, up from 2.4% in November, and much lower than the 9.2% recorded in December 2022. In the EU as a whole, the annual inflation rate was 3.4% in December, up from 3.1% in November, and significantly lower than the 10.4% recorded a year earlier. The highest annual inflation rates were recorded in the Czech Republic (7.6%), Romania (7.0%), and Slovakia (6.6%). In comparison to November, the annual inflation rate decreased in fifteen member states, remained stable in one, and increased in eleven. In December, the services sector had the largest contribution to the annual inflation rate in the eurozone, followed by food, alcohol, and tobacco, non-energy industrial goods, and energy.<\/p>\n","protected":false},"author":2,"featured_media":1940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[3,358,379,112,67,419],"class_list":["post-1939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-cyprus","tag-energy","tag-eu","tag-iiiiiiiii","tag-inflation","tag-italy"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n