Euro area annual inflation is expected to be 9.2% in December 2022, down from 10.1% in November according to a flash estimate from Eurostat, the statistical office of the European Union.
The annual inflation rate in Cyprus was expected to drop to 7.6% in December, compared to 8.1% in November.
Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in December (25.7%, compared with 34.9% in November), followed by food, alcohol & tobacco (13.8%, compared with 13.6% in November), non-energy industrial goods (6.4%, compared with 6.1% in November) and services (4.4%,compared with 4.2% in November).
Source: Cyprus News Agency