{"id":2592,"date":"2025-01-17T12:57:26","date_gmt":"2025-01-17T12:57:26","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=2592"},"modified":"2025-01-17T12:58:56","modified_gmt":"2025-01-17T12:58:56","slug":"euro-area-inflation-december-2024","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/euro-area-inflation-december-2024\/","title":{"rendered":"Euro Area Inflation Rises to 2.4% in December 2024"},"content":{"rendered":"\n

The annual Euro Area Inflation climbed for the third consecutive month, reaching 2.4% in December 2024\u2014the highest level since July. This was up from 2.2% in November and aligned with market expectations. The rise was largely driven by base effects, as last year\u2019s sharp declines in energy prices are no longer reflected in annual calculations.<\/p>\n\n\n\n

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Energy Prices and Services Drive Inflation<\/strong><\/h2>\n\n\n\n

A key contributor to the increase Euro Area Inflation was energy prices, which rebounded by 0.1% after a 2% decline in November, marking their first positive change since July. Additionally, inflation in the services sector edged higher to 4% from 3.9%, indicating continued price pressures in consumer-facing industries.<\/p>\n\n\n\n

Food Inflation Sees Mixed Trends<\/strong><\/h3>\n\n\n\n

Inflation in food, alcohol, and tobacco slowed slightly overall. While processed food, alcohol, and tobacco prices rose at a slightly faster rate (2.9% vs. 2.8%), the increase was offset by a noticeable slowdown in unprocessed food inflation (1.6% vs. 2.3%). This suggests some easing in food price pressures, even as other sectors saw rising costs.<\/p>\n\n\n\n

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Read More: Euro Area Manufacturing PMI<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n

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Inflation Outlook and ECB Expectations<\/strong><\/h3>\n\n\n\n

Inflation trends varied across major Eurozone economies, with Germany (2.8% vs. 2.4%) and France (1.8% vs. 1.7%) experiencing increases, while Italy saw a slight slowdown (1.4% vs. 1.5%). Meanwhile, core inflation remained steady at 2.7%. The European Central Bank (ECB) maintains its forecast that inflation will gradually decline to its 2% target by the end of the year, signaling potential stability ahead.<\/p>\n\n\n\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The annual Euro Area Inflation climbed for the third consecutive month, reaching 2.4% in December 2024\u2014the highest level since July. This was up from 2.2% in November and aligned with market expectations. The rise was largely driven by base effects, as last year\u2019s sharp declines in energy prices are no longer reflected in annual calculations. […]<\/p>\n","protected":false},"author":2,"featured_media":2597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37],"class_list":["post-2592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=2592"}],"version-history":[{"count":6,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2592\/revisions"}],"predecessor-version":[{"id":2601,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2592\/revisions\/2601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/2597"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=2592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=2592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=2592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}