Inflation in the Eurozone accelerated in December, as Eurostat revealed that inflation in the 20 countries that share the euro rose to 2.4 percent in December from 2.2 percent in November.
Core inflation, an important indicator of stable price growth, remained steady at 2.7 percent, while the services component, the largest component of the consumer price basket, accelerated to 4 from 3.9 percent. In addition, a consumer survey from the European Central Bank showed a rise in inflation expectations for the near and medium term, with figures likely to reach 2.4 percent after 3 years, which exceeds 2.1 percent in the previous survey and the ECB's target."
Source (Al-Sharq Al-Awsat Newspaper, Edited)
