More rate hikes predicted in Eurozone ...News

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Core inflation, which excludes energy and food, has hit a record high of 5.2% Inflation in the Eurozone dropped to single digits for the first time in months in December, according to data from Eurostat, the statistical office of the EU, released on Friday. The region’s headline inflation, which includes food and energy costs, came in at 9.2% year-on-year last month, falling sharply from 10.1% in November, the data shows. Analysts attribute the slower price growth to the drop in energy costs that came on the heels of unseasonably mild weather. However, core inflation, which excludes food and energy, spiked to a re

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