Consumer prices in the euro area increased by 2.4% year-on-year in December, according to the latest data from the European Union’s statistical office. Thus, inflation accelerated from November’s 2.2% to its highest level since July. The final data coincided with both the preliminary estimate and analysts’ expectations.
Inflation in the service sector accelerated to 4% last month from 3.9% in November, while the rise in prices for food, alcohol, and tobacco products slowed to 2.6% from 2.7%. Industrial products went up by 0.5% (0.6%), and energy prices by 0.1% (down 2% in November).
The lowest inflation among the eurozone countries was recorded in Ireland (1%) and Italy (1.4%), and the highest in Croatia (4.5%).
In December, the growth in consumer prices excluding food and energy (CPI Core) amounted to 2.7% in annual terms, the same as in the previous month.
Consumer prices in the euro area in December rose by 0.4% compared to the previous month. In November, the figure fell by 0.3%.
Source: http://relocation.com.ua/infliatsiia-v-yevrozoni-v-hrudni-pryskory/
