Shoppers at delicatessen market stall in Milan, Italy, on Thursday, Dec. 28, 2023. Italy will not want to alter its finances plans for subsequent 12 months to fulfill the brand new European Union guidelines simply agreed by the bloc, in accordance with the nation’s finance chief. Photographer: Francesca Volpi/Bloomberg by way of Getty Images
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Inflation in the euro zone jumped to 2.9% in December, up from 2.4% the earlier month.
The headline annual print was a bit of decrease than the three% forecast in a Reuters ballot of economists.
Food, alcohol and tobacco had the most important upward pull on costs, whereas the drag from decrease power costs was diminished.
Thi sis a breaking information story and will likely be up to date shortly.