Eurozone Preliminary HICP inflation edges higher to 2.% YoY in December, as expected

The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.4% year-over-year (YoY) in December after reporting a 2.2% increase in November, the official data released by Eurostat showed Monday. The reading aligned with the estimated 2.4% print for the reported period.

The Core HICP increased by 2.8% YoY in December, a tad quicker than the 2.7% growth in November and outpaced the 2.7% market forecast.

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