Eurozone Sees 2 Percent Decline in Inflation
Service sector costs registered the steepest yearly climb during December at 3.4%—down marginally from the prior month's 3.5%—while food, alcohol and tobacco expenses accelerated to 2.6% from November's 2.4%. Non-energy industrial products saw price increases moderate to 0.4% from 0.5%, while energy costs contracted by 1.9%, a sharper decline than November's 0.5% drop.
Estonia and Slovakia tied for the bloc's highest inflation rates at 4.1% each, trailed by Austria at 3.9% and Croatia registering 3.8%.
The mildest price pressures emerged in Cyprus with just 0.1% inflation, France at 0.8%, and Italy posting 1.2%.
Month-over-month, consumer prices advanced 0.2% during December, reflecting continued but moderate upward pressure on household budgets across the currency union. The figures underscore persistent divergence in inflation experiences among member states despite shared monetary policy.
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