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Economics
Inflation & Prices

Euro-Zone Inflation’s Sharp Drop Masks Underlying Pressures

  • Prices rose by 9.2% in December; economists expected 9.5%
  • Core inflation hits record-high 5.2% as ECB hikes to continue
Shoppers at a fruit and vegetable stall in Vienna. Photographer Nina Riggio/Bloomberg
Shoppers at a fruit and vegetable stall in Vienna. Photographer Nina Riggio/BloombergPhotographer: Nina Riggio/Bloomberg
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Euro-area inflation returned to single digits for the first time since August, fueling hopes that the bloc’s worst-ever spike in consumer prices has peaked.