2020.01.1709:10:00UTC+00Eurozone Inflation Accelerates As Estimated

Eurozone inflation increased as estimated in December, final data from Eurostat reported Friday.

Inflation rose to 1.3 percent in December, as initially estimated, from 1 percent in November. A similar higher rate was last seen in June.

Headline inflation remained well below the European Central Bank's target of "below, but close to 2 percent."

Core inflation that excludes energy, food, alcohol and tobacco, held steady at 1.3 percent in December. The rate came in line with the flash estimate published on January 7.

Month-on-month, overall consumer prices gained 0.3 percent and core consumer prices moved up 0.4 percent in December.