Inflation & Prices
Euro-Zone Inflation Rebounds But Won’t Derail ECB Rate Cuts
- Consumer prices rose 2.4% from year ago, matching estimate
- Acceleration driven by higher energy costs, Eurostat says
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Euro-area inflation accelerated last month, supporting the European Central Bank’s gradual approach to reducing interest rates, without derailing them altogether.
Consumer prices rose 2.4% from a year ago in December, up from 2.2% in November and matching the median estimate in a Bloomberg poll. The increase was largely driven by energy costs, which climbed for the first time since July, Eurostat said.