Inflation in the eurozone is rising: it reached 2.5 per cent in January 2025
Imelda, Unsplash
According to Eurostat, annual inflation in the euro area was 2.5% in January 2025, up from 2.4% in December 2024. In the EU, the rate reached 2.8%, up from 2.7% a month earlier. Despite the increase, the inflation rate remains below last year's figures, when in January 2024 inflation stood at 2.8% in the euro area and 3.1% in the EU.
The lowest rates of price growth in January 2025 were recorded in Denmark (1.4 per cent), Finland, Ireland and Italy (1.7 per cent each). At the same time, the highest inflation rates were observed in Hungary (5.7 per cent), Romania (5.3 per cent) and Croatia (5.0 per cent). Compared to December 2024, inflation fell in eight EU Member States, remained stable in four and rose in fifteen.
Services (+1.77 percentage points), as well as food, alcohol and tobacco (+0.45 pp), energy (+0.18 pp) and non-energy industrial goods (+0.12 pp) were the main contributors to the increase in inflation in the euro area.
Among the largest eurozone economies, inflation in Germany remained at 2.8%, the same as in December 2024. In France, the rate remained stable at 1.8%, in Italy it rose from 1.4% to 1.7% and in Spain from 2.8% to 2.9%.
In Luxembourg, inflation increased from 1.6 per cent in December 2024 to 2.4 per cent in January 2025, indicating an acceleration in price growth in the country.
