PARIS, January 5 (Reuters) – Inflation in the euro zone over one year started to rise again in December, according to preliminary data published on Friday by Eurostat.
The consumer price index calculated according to European standards (HICP) increased by 2.9% year-on-year last month in the 20 countries sharing the European currency, after +2.4% in November.
Economists polled by Reuters expected a sharper acceleration in inflation, to 3.0%.
The trend towards a reacceleration of inflation had already been observed in the data released Thursday for France and Germany.
Excluding the most volatile items such as unprocessed food products and energy, inflation slowed to 3.9% from 4.2% the previous month.
A narrower measure of price rises, which excludes food, energy, alcohol and tobacco, also fell, falling to 3.4% from 3.6% in November. (Written by Blandine Hénault, edited by Kate Entringer)
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