2024-01-12 17:12:21
Published on Jan 12, 2024 at 3:01 p.m.Updated Jan 12, 2024 at 6:12 p.m.
In 2023, inflation rose on average to 4.9%, following 5.2% in 2022 at the end of a turbulent year, where during the first months it was still flirting with 6%. From May, the decline began, faster than expected. The monetary tightening initiated by the European Central Bank (ECB) has produced its effects.
Boosted in 2022 by the war in Ukraine, energy prices have fallen. The rise in food prices which was driving inflation also ended up slowing down while remaining vigorous at 7% at the end of the year. Finally, the prices of manufactured goods have also calmed down. On the other hand, the increase in prices of services accelerated, going from 2.6% in January to 3.1% in December.
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