Eurozone inflation fell more than expected in December

Frankfurt – (Reuters):

Inflation in the area of ​​Europe’s single currency, the euro, fell more-than-expected last month, but underlying price pressures have increased, meaning the European Central Bank is likely to continue raising rates of interest in the coming months.

Data released by the statistical office of the European Union (Eurostat) showed on Friday that the growth of consumer prices in the region, which brought the number of countries to 20, with Croatia joining it on the 1st January, slowed to 9.2% in December, compared to 10.1% last month. The rate fell short of expectations for a 9.7% increase in a Reuters poll.