Eurozone Inflation Rate at 9.2% in December... Slower Increase for Two Consecutive Months

[Asia Economy Reporter Yuri Choi] The consumer price inflation rate in the Eurozone (20 countries using the euro) slowed down for the second consecutive month.

According to Investing.com on the 18th (local time), the consumer price index in the Eurozone for December last year rose by 9.2% compared to the same period the previous year.

Although the upward trend continued, the rate of increase decreased for the second month in a row. It fell from 10.6% in October last year to 10.0% in November, and then showed a single-digit increase in December.

[Image source=Yonhap News]

By sector, consumer prices excluding tobacco rose by 9.3% compared to a year earlier, marking a decrease in the rate of increase for the second consecutive month from 10.8% in October last year.

On the other hand, consumer prices excluding food and energy rose by 6.9% compared to a year earlier, continuing the upward trend.

This content was produced with the assistance of AI translation services.