[ccpw id="5"]

Home.forex news reportEurozone Inflation Eases To 1.9%

Eurozone Inflation Eases To 1.9%

-


Eurozone inflation eased more than initially estimated in December, final data from Eurostat showed on Monday.

The harmonized index of consumer prices rose by revised 1.9 percent year-on-year following an increase of 2.1 percent in each of the previous two months.

Eurostat initially reported that inflation hit the 2 percent target in December.

Core inflation, which excludes prices of energy and fresh food, slowed to 2.3 percent, in line with estimate, from 2.4 percent logged in the previous three months.

Energy prices decreased 1.9 percent year-on-year after a 0.5 percent drop in the previous month. The decline was the worst since August when they fell 2.0 percent. Services inflation softened marginally to 3.4 percent from 3.5 percent.

Prices of food, alcohol and tobacco increased 2.5 percent year-on-year following a 2.4 percent rise in November. The rate of increase in prices of non-energy industrial goods eased to 0.4 percent from 0.5 percent.

The HICP rose 0.2 percent month-on-month in December, in line with the initial estimate released on January 7.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Greg Abel Bought $15 Million in Berkshire Stock, Is Totally in Charge Now

Greg Abel has been CEO of Berkshire Hathaway for roughly two months,...

Dollar Rises as Soaring Crude Prices Boost T-Note Yields

The dollar index (DXY00) today is up by +0.39%.  The dollar is climbing today as soaring crude prices are boosting...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img