Annual inflation in the euro area was 1.1 percent in December last year, up from 0.6 percent in November, according to a report released by Eurostat, the Statistical Office of the European Communities. In December 2015, the annual inflation rate was 0.2 percent.
Meanwhile, in the European Union (EU-28) annual inflation was 1.2 percent in December, up from 0.6 percent in November. In December 2015, the annual inflation rate in the EU-28 was 0.2 percent.
The highest inflation rates were observed in Estonia (2.4%), Belgium (2.2%), the Czech Republic and Latvia (both 2.1%). Compared with November 2016, annual inflation fell in one member state and rose in twenty-six.