Eurozone Inflation Confirmed at 2.9% in December

In December, the annual inflation rate in the Eurozone was confirmed at 2.9% by Eurostat. Across the European Union, the Consumer Price Index (CPI) escalated by 3.4% annually. On a monthly scale, prices increased by 0.2% in the Euro area and 0.1% in the EU. Core inflation in the Eurozone, which excludes energy, food, alcohol, and tobacco, also climbed 3.4% compared to December 2022.