Brussels: Annual inflation in the euro area is estimated to have declined to 1.7% in January 2026, from 2.0% in December, according to a flash estimate published today by the European Statistical Office (Eurostat).
According to Cyprus News Agency, as regards Cyprus, inflation is estimated at 1.7% in January, compared with 2.9% in January 2025. The highest inflation rates in the euro area in January were recorded in Slovakia at 4.2% and Croatia at 3.6%, followed by Greece and Lithuania at 2.8% each.
At the other end of the spectrum, the lowest inflation rates were observed in France at 0.4%, followed by Finland and Italy at 1% each, and Belgium at 1.4%. Looking at the main components of inflation, services are expected to record the highest annual rate in January, at 3.2%, down from 3.4% in December. This is followed by food, alcohol, and tobacco at 2.7%, up from 2.5%, and non-energy industrial goods at 0.4%, compared with 0.3% the previous month.
By contrast, energy is expected to continue its downward trend, with an annual rate of -4.1% in January, compared with -1.9% in December. Eurostat notes that the figures are based on a flash estimate and may be revised once final data become available.