RSS Euro Zone HICP ex Energy & Food Shows Slight Uptick in December

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 RSS Euro Zone HICP ex Energy & Food Shows Slight Uptick in December

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In the latest economic update, the Euro Zone's Harmonized Index of Consumer Prices (HICP) excluding energy and food has shown a minor increase. This growth, assessed on a year-over-year basis, registered a 2.8% rise in December 2024, up from 2.7% in the preceding month of November 2024. This data update was released on January 7, 2025.

The HICP ex Energy & Food metric is closely watched by economists as it strips out the often volatile elements of energy and food costs, offering a clearer picture of underlying inflationary pressures. This slight uptick from November's figure indicates a marginal acceleration in inflation within the Euro Zone for this category.

This increase could influence economic policy decisions, as central banks may adjust interest rates to maintain price stability within the region. As such, stakeholders within the Euro Zone's financial landscape will be monitoring upcoming developments and economic indicators with heightened interest.

The material has been provided by InstaForex Company - www.instaforex.com
 
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