Inflation & Prices
Euro-Area Inflation Picks Up Again as Energy Aid Is Removed
- Consumer prices rose 2.9% from year ago in December; est. 2.9%
- ECB expects price gains to slow more gradually this year
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Euro-zone inflation quickened in December, highlighting the rocky path back to 2% foreseen by the European Central Bank as governments remove support for lofty energy costs.
Consumer prices rose 2.9% from a year ago, up from 2.4% in November, Eurostat said Friday. That matched the median estimate in a Bloomberg survey of economists.