Inflation in the Eurozone eased to 2.0% in December, down from 2.1% in November, reaching the European Central Bank’s target, according to data released by the European statistics office (Eurostat).
The December reading came in line with economists’ expectations, marking an important milestone in the ongoing moderation of price growth, as inflation returned to the 2% level targeted by the ECB.
The continued decline in energy prices played a major role in pushing inflation lower, offsetting a rise in food prices during the month. The energy driven pullback helped absorb persistent local pricing pressures.
The data suggests inflation could trend even lower in the coming months, should energy costs continue their downward path, reinforcing expectations for a gradual cooling in consumer price levels.
The latest figures confirm a steady, step by step slowdown in Eurozone inflation over recent months, reflecting a broader disinflation trend rather than a sharp reversal.
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