Inflation in the Eurozone shot up to 2.4% in December, the third consecutive monthly rise, according to data from Eurostat. This is a steady climb from November’s revised 2.2% and September’s low of 1.

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.

As inflation brings Europeans along for a bumpy ride, unemployment has remained stable. Throughout the euro area, unemployment remained 6.3%, unchanged between October and November 2024. Unemployment also remained a consistent 5.9% across the EU, according to data published Tuesday.

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

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.

This week’s data showed EU inflation has risen for a third straight month. German inflation is up from a September low of 1.6% to 2.6%. Energy costs have risen and there inflation could rise ...

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

Inflation in the eurozone quickened in December for the second month in a row, as rising prices for energy and services kept it uncomfortably above the European Central Bank’s target.

Inflation remained below policymakers’ target in France last month, paving the way for the European Central Bank to cut rates again later this month despite signs of renewed price pressure elsewhere in the eurozone.

Official statistics agency ISTAT also reported that Italy's annual HICP average rate for 2024 came in at 1.1%, down from 5.9% in 2023, mainly due to a sharp decrease in energy prices. In December the main domestic price index (NIC) was up 0.1% on the month and up 1.3% annually, following a 1.3% annual rate the previous month.

Metal prices rose, with aluminum’s gains reflecting unconfirmed reports that the European Commission intends to propose a ban on the import of Russian aluminum, MUFG said.

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.