Continuing its upward trend, annual energy inflation in the European Union reached 27% in January 2022, one percentage point (pp) higher than in November 2021, according to data released by Eurostat, the EU’s statistical office, on Friday 25 February.
From -11% in May 2020, energy inflation has been positive, increasing almost continuously from March 2021.
At 27%, energy inflation is at its highest level since the first publication of the Harmonised Index of Consumer Prices (HICP) in...