Inflation in the eurozone ended January at 1.7 percent. This is the lowest level in almost five years. This is shown by data from the EU's statistics agency Eurostat on Wednesday.
Inflation has thus slowed down compared to the previous month, when it was two percent. According to Allan Sørensen, chief economist at the Confederation of Danish Industries, one has to go back to the spring of 2021 to find a lower European inflation than now.
- It is mainly lower energy prices that are causing inflation to fall. However, core inflation is also developing slightly in the right direction, says Allan Sørensen in a written comment.
Inflation in Denmark in January was 0.6 percent. This makes Denmark the country in the EU with the second lowest inflation - surpassed only by France.
- Inflation is very well under control in Denmark, but in January inflation was further reduced as a result of significantly lower electricity taxes, says Allan Sørensen.
In the summer of 2025, the government decided to reduce the electricity tax to the EU's minimum tax in 2026 and 2027. This means that the electricity tax has fallen to 0.8 øre per kilowatt-hour from 72 øre per kilowatt-hour.
/ritzau/
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