On an annual basis, the highest growth rate was registered in the Polish economy (7.7%), followed by Hungary and Italy (6.4%). The lowest growth rates were in Slovakia (1.1%) and Germany (1.4%).

Inflation was worse than expected in January, rising to 7.9% from 7.4% in December. The average price increase accelerated to 10.1% for food, 5.2% for services, 4.0% for clothing and 7.9% for consumer durables. The price increase for spirits and tobacco slowed to 7.7%, while that for other goods and fuels slowed to 11.3%, while the increase for household energy stagnated at 1.2%.

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