Inflation in the EU can be compared using the standard Harmonised Index of Consumer Prices (HICP), or the CPI as it is known in the UK.
UK inflation, as measured by the CPI, was 1.8% in the year to January 2019, down from 2.1% in December. This is the lowest level of inflation since January 2017.
EU inflation was 1.5% in January 2019, down from 1.6% in December. EU inflation was 1.6% in January 2018.
Annual inflation in the Eurozone was 1.4% in January, down from 1.5% in December.
In Germany inflation was 1.7% in January, unchanged from December; in France it was 1.4% in January, down from 1.9% in December.
Romania had the highest inflation rate in the EU in January (3.2%). The lowest inflation rate in the EU was in Greece (0.5%). UK inflation was the joint eleventh highest in the EU in January.
Read Full News Story » UK Economic Indicators January 2019