January inflation in the eurozone 8.6 percent

(Patria) - Annual inflation in the eurozone in January fell to 8.6 percent from 9.2 in December. In January last year, it was 5.1 percent.

At the same time, it was 10 percent in the European Union, a slight slowdown from 10.4 percent in December, the EU's statistical agency (Eurostat) announced.

The lowest inflation in January was in Luxembourg (5.8 percent), Spain (5.9 percent), while it was 6.8 percent in Cyprus and Malta.

The highest annual inflation was recorded in Hungary - as much as 26.2 percent, Latvia (21.4 percent) and the Czech Republic (19.1 percent).

Compared to December, inflation fell in 18 EU member states and increased in nine, reports Danas.rs.

The largest contribution to January inflation came from food, alcoholic beverages and tobacco with 2.94 percentage points, energy 2.17 points, services 1.8 points, and industrial products with 1.73 points.