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
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
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.
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
Eurozone's inflation rises to 2.4 pct in December: Eurostat
China and other member states of the Shanghai Cooperation Organization (SCO), pledged to enhance sustainable development cooperation at a Thursday conference in Tianjin, ahead of this year's SCO summit.
As the rotating chair for this year, China is to host the SCO summit in Tianjin this autumn. The China-SCO Conference on Industrial Cooperation for Sustainable Development is one of the activities organized during a promotion event from Wednesday to Friday. It aims to promote cooperation in fields like infrastructure, energy, mining and petrifaction.
Nearly 400 guests, including government officials and enterprises from SCO member states attended the opening session.
"In 2024, China's trade volume with SCO member states, observer states and dialogue partners reached a record high of 890 billion U.S. dollars, accounting for about 14.4 percent of China's total foreign trade volume, fully demonstrating the tremendous vitality and broad prospects of trade development within the region," said Ling Ji, vice minister of commerce and deputy China international trade representative, at the conference.
As China has extensive experience in promoting sustainable development, attendees from SCO member states expressed hope to strengthen cooperation with China across various sectors, said SCO Deputy Secretary General Sohail Khan.
"China plays a very, very important, significant role in sustainable development, as I said, so we are expecting that in the sustainable development context, all member states have lot to gain and learn from China on its achievements in various areas, like agricultural industries, energy, high tech, information technology, and robot AI," he said.
By the end of 2024, China's investment stocks in SCO member states, observer states and dialogue partners have exceeded 140 billion U.S. dollars, with the total value of contracts signed by Chinese enterprises in these countries exceeding one trillion U.S. dollars and the completed turnover surpassing 680 billion U.S. dollars.
In 2024, about 19,000 China-Europe freight train ran through the SCO region, marking a year-on-year increase of 10.7 percent and significantly promoting regional connectivity and economic development.
China, SCO member states pledge deeper sustainable development cooperation
