Investing.com - Consumer price inflation in the euro zone held steady in December, unchanged from a preliminary estimate, official data showed on Thursday.
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In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 0.8% last month, unchanged from an initial estimate and in line with expectations. Euro zone inflation rose by 0.9% in November.
The rate remains firmly below the European Central Bank''s target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose by a seasonally adjusted 0.7% in December, down from an initial estimate of 0.9%.
Following the release of that data, the euro held on to modest gains against the U.S. dollar, with EUR/USD adding 0.13% to trade at 1.3623.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.2%, France’s CAC 40 declined 0.2%, Germany''s DAX shed 0.1%, while London’s FTSE 100 dipped 0.1%.