Price rises in the eurozone are at their highest level since July, driven primarily by increased service costs, according to Eurostat’s recent data.
Inflation in December rose to 2.4%, up from 2.2% in November, reflecting ongoing pressures, particularly in the services sector which saw a 4% increase.
Countries like Croatia, Belgium, and Estonia experience the highest inflation rates in the eurozone, while Ireland, Italy, and Luxembourg report the lowest.
The ECB continues to navigate the delicate balance between combating inflation and stimulating economic growth, recently lowering its key interest rates to support the economy.
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