The euro area annual consumer inflation rate for December was confirmed at 2.4%, its highest level since July, according to a second reading released Friday. Headline inflation accelerated from 2.2% in November, Eurostat data showed.

Inflation in the eurozone rose further above the European Central Bank’s target in the final month of 2024, although that is unlikely to dissuade policymakers from lowering borrowing costs again this month to support a faltering economy.

Eurozone inflation fell to 2.4% in December 2024, but ECB chief economist Philip Lane cautions that services inflation and uneven growth persist. A "middle path" on interest rates and structural reforms is crucial for stability.

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European shares traded higher on Thursday as benign U.S. inflation readings kept the door open for potential rate cuts by the Federal

The inflation rate in the Euro Area increased to 2.40% in December from 2.20% in November, matching consensus. The Consumer Price Index rose 0.40% in December over the previous month. The annual ...

Increasing transport prices boosted Spain’s December inflation number, with rising culture and recreation prices also contributing to the figure.

Inflation in Luxembourg in December stood at 1.6%, according to Eurostat, an increase of half a percentage point from the previous month

The Office for National Statistics said cooling in the restaurants and hotels sectors contributed to the slowdown in price increases.

The annual inflation rate for housing and household services was 6.0% in December 2024, up from 5.8% in November. This compares with a recent peak of 11.8% observed in January and February 2023. On a monthly basis, prices rose by 0.4% in December 2024, compared with a rise of 0.3% a year ago.

The European Commission greenlighted Hungary’s medium-term fiscal-structural plan on Thursday after Budapest provided the bloc’s executive with updated and previously missing data.

From the stock market impact to tariffs and inflation, what will Trump's second term mean for your money? The team at MoneyWeek is reporting live on inauguration day.