Global Economic News

Eurozone Core Inflation Rises In December

Raising scope for another aggressive rate hike in February, Eurozone core inflation accelerated in December, as estimated, while overall inflation slowed to a four-month low on energy prices, final data from Eurostat revealed Wednesday.

Core inflation that excludes energy, food, alcohol and tobacco, advanced to 5.2 percent from 5.0 percent in November. The rate came in line with the preliminary estimate published on January 6.

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by Renju Jaya

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