Inflation in December accelerates to 6.6%

Published: 19.01.2022 Related countries:  South Africa South Africa

Inflation in December accelerates to 6.6%

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.

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