Investing.com – Consumer price inflation in the euro zone was projected to rise more-than-expected in December, preliminary data showed on Tuesday.
In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.2% in December, after holding steady at 1.9% in November.
Analysts had expected euro zone CPI to rise by 2.0% in December.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.30% to hit 1.3401.
Meanwhile, European stock markets were up. The EURO STOXX 50 climbed 0.46%, France’s CAC 40 added 0.45%, the FTSE 100 rallied 1.91%, while Germany's DAX was up 0.19%.
In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.2% in December, after holding steady at 1.9% in November.
Analysts had expected euro zone CPI to rise by 2.0% in December.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.30% to hit 1.3401.
Meanwhile, European stock markets were up. The EURO STOXX 50 climbed 0.46%, France’s CAC 40 added 0.45%, the FTSE 100 rallied 1.91%, while Germany's DAX was up 0.19%.