Overview
- The Federal Statistical Office reported a 1.8% year-over-year rise in consumer prices in December and a 2.2% inflation rate for 2025 as a whole.
- Cheaper energy led the late-year pullback, with energy prices down 2.4% over 2025 and household energy and fuels 1.3% lower in December.
- Within energy, light heating oil fell 3.6% in December and electricity declined 1.8%, easing headline inflation.
- Core inflation remained above the headline rate, at 2.8% for 2025 and about 2.4% in December, indicating persistent underlying pressure.
- Services rose roughly 3.5% in December, including an 11.4% jump in passenger transport, and economists see wages keeping inflation from staying below 2%.