The lowest annual rates were registered in Spain (5.5 per cent), Luxembourg (6.2 per cent), and France (6.7 per cent). The highest annual rates were recorded in Hungary (25 per cent), Latvia (20.7 per cent), and Lithuania (20 per cent). Compared with November, annual inflation fell in twenty-two member states, remained stable in two, and rose in three.

In December, energy contributed 2.79 percentage points to the annual euro area inflation rate, while non-energy industrial goods contributed 1.70 percentage points.

Fibre2Fashion News Desk (DP)