Economics
Euro-Area Inflation Unexpectedly Hits Record in Test for ECB
- Consumer prices increased 5% in December; analysts saw 4.8%
- Confidence in region also dipped amid emergence of omicron
Euro-area consumer prices have jumped 5% from a year earlier.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. The euro strengthened.