Consumer prices grew by 6.6% year on year in
December 2021, which was 0.6 pp more than in November. In month-on-month terms,
they were 0.4% higher. The average inflation rate for 2021 was 3.8%. This was
0.6 pp more than in 2020 and was the highest rate since 2008. Last year, prices
of goods overall grew by 3.5%, while prices of services were 4.4% higher.
According to quick estimates by Eurostat, the year-on-year change in the
harmonised index of consumer prices in the EU27 was 5.2% in December.