Eurozone's inflation rises to 2.4 pct in December: Eurostat

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Eurozone's inflation rises to 2.4 pct in December: Eurostat

2025-01-08 14:48 Last Updated At：23:27

The eurozone's annual inflation rate for December of last year stood at 2.4 percent, up from November's 2.2 percent, according to a flash estimate released by Eurostat on Tuesday.

The price of services is currently driving the eurozone's inflation, the services sector inflation standing at 4 percent, up from 3.9 percent in November.

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Eurozone's inflation rises to 2.4 pct in December: Eurostat

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Eurozone's inflation rises to 2.4 pct in December: Eurostat

It is followed by food, alcohol, and tobacco, with an annual inflation rate of 2.7 percent in December, unchanged from the previous month.

The price of non-energy goods recorded an inflation rate of 0.5 percent year on year, down from November's 0.6 percent.

The inflation rate for energy moved from negative to positive, standing at 0.1 percent in December.

This marks the third consecutive month of rising inflation in the eurozone. After falling to 1.7 percent in September, inflation has steadily increased, reaching 2.4 percent in December.

Trump imposes "reciprocal tariffs" amid widespread opposition

2025-04-03 05:37 Last Updated At：09:07

Amid widespread opposition, U.S. President Donald Trump on Wednesday signed two executive orders on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.

Trump announced these tariffs in a speech in the White House Rose Garden, during which he also said a 25-percent tariff on cars and car parts imported into the U.S. will take effect on Thursday.

Many trading partners of the U.S. have previously expressed their opposition, saying that they will take countermeasures in response.

On Wednesday, President of the European Council Antonio Costa said the European Union must react in a "firm but smart manner" to the reciprocal tariffs.

"This is truly a major economic mistake for the United States and also for Europe and the entire world," Costa said.

Italian Prime Minister Giorgia Meloni said the introduction of new U.S. tariffs would have heavy repercussions for Italian producers, adding that she did not rule out "adequate responses" to defend Italian products.

While stating that the UK is engaging in constructive talks to reach a broader economic prosperity deal with the U.S., British Prime Minister Keir Starmer also said that the country is prepared for all possible scenarios and will not rule out any possibilities

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