Inflation & Prices
Euro Zone’s Worst Year of Inflation Probably Ended With Respite
- December data expected to show slowing below double digits
- ECB has used such reports in deciding pace of rate hikes
Euro banknotes on the counter of a street food vendor in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The worst year of inflation in euro-zone history probably ended with a touch of respite as the pace of cost increases returned to single digits, economists say.
The initial reading for December due on Jan. 6 will show annual consumer-price gains slowing to 9.5%, from 10.1% the previous month, according to the median of 28 forecasts in a Bloomberg survey.