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International Business Times
International Business Times
Business

Eurozone Inflation Picks Up In December

Inflation eurozone ECB the European Central Bank Christine Lagarde
Consumer prices picked up to 2.4 percent in December, in line with forecasts by analysts (Credit: AFP)

Eurozone inflation rose in December as energy prices slightly ticked up, official data showed Tuesday, rebounding for a third straight month but unlikely to stop another interest-rate cut by the European Central Bank.

Consumer prices picked up to 2.4 percent last month, as predicted by analysts for Bloomberg and financial data firm FactSet, and up from 2.2 percent in November.

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